[13 October 1998]

1. Section 42 Finance Act 1930 gives relief from stamp duty for transfers of property between members of the same group of companies. Section 151 Finance Act 1995 similarly gives relief from duty on the grant of a lease between members of the same group.

2. Section 27(3) Finance Act 1967 and Section 151(3) Finance Act 1995 are designed to prevent the use of group relief to avoid stamp duty when property, or an economic interest in it, passes out of the group.

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