[27 April 1990]

Introduction

1. Since the abolition of the duty on voluntary dispositions in 1985, many enquiries have been received about the stamp duty chargeable on conveyances etc subject to a debt where no chargeable consideration (e.g. money or stock) unrelated to the debt is given by the transferee. The Statement of Practice sets out the Commissioners for Her Majesty's Revenue and Custom’s view of the correct stamp duty treatment of such conveyances.

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