107(1)  Where a transfer to which this section applies is subject contingently to the payment of any money (whether by virtue of that transfer or otherwise), then, notwithstanding section 57 of the Stamp Act 1891, that money shall not be deemed to be part of the consideration in respect of which the transfer is chargeable with ad valorem duty.

107(2)  [Repealed by FA 1985, s. 98 and Sch. 27, Pt. IX(1).]

107(3)  This section applies to any transfer on sale of a dwelling-house (including the grant of a lease) at a discount by –

(a)any Minister of the Crown or Northern Ireland department;

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

No subscription?

Contact us to discuss your requirements.