Insurance Act, 1990

Relief in respect of stamp duties, etc.

8.—(1) Section 12 of the Finance Act, 1895 , shall not apply to the vesting in the New Company of any property of the Original Company by virtue of a transfer order.

(2) Stamp duty shall not be charged on any agreement, transfer, conveyance, assignment or lease whereby the business assets or liabilities of the Original Company are transferred or agreed to be transferred, in whole or in part, to the New Company.