88E Transfer of assets within unit trusts.

(1) In this section—

“investment undertaking” means—

(a) an investment undertaking to which paragraph (a) of the definition of “investment undertaking” in section 739B(1) of the Taxes Consolidation Act 1997 relates, and

(b) an investment undertaking that is a “unit trust”;

“relevant Regulations” has the same meaning as in section 739B(1) of the Taxes Consolidation Act 1997;

“unit trust” has the same meaning as in relevant Regulations.

(2) Stamp duty shall not be chargeable on any instrument made for the purposes of the transfer of assets within an investment undertaking.