The Stamp Duty (Exempt Instruments) Regulations 1985
By section 28(1)(a) and (c) of the Finance Act 1931 it is provided that on certain transfers on sale of land the transferee must produce to the Commissioners of Inland Revenue (“the Board”) the instrument of transfer as well as particulars relating to the transfer as set out in Schedule 2 to that Act (“the Schedule 2 particulars”). Under powers conferred on them by section 89 of the Finance Act 1985 the Board may by Regulations prescribe for the purposes of that section classes of instrument to which the provisions of section 28 above shall not apply and provide for the Schedule 2 particulars to be furnished to them in accordance with the Regulations.