127(1)  Stamp duty shall not be chargeable on any transfer to a stock exchange nominee.

127(2), (3)  [Repealed by FA 1986, s. 114 and Sch. 23, Pt. IX(4); s. 127(2) also omitted by virtue of FA 1986, s. 85(4).]

127(4)  [Amends FA 1970, s. 33(1).]

127(5)  This section shall be construed as one with the Stamp Act 1891 and in this section–

stock exchange nominee”  means any person designated for the purposes of this section as a nominee of The Stock Exchange by an order made by the Secretary of State;

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