CIPA GUIDE - Sl1lmp Duty (for full section see 5.pdj) 30.10 \I ell - ｆｾｲ＠ non-exempt property transactions, the rate of stamp duty is based on the ad valorem value of the property transferred, excluding the value of any intellectual property, conveyed therewith, at rates as set out in the Finance Act 1999 (c. 16. Sched. 13, Part I. as by the Finance Act 2000 (c. 17, s. 114». Where the document in question is within the United Kmgdom, this vahie includes' the total .value of aU the non-IP . any ｳｩｴｵ｡ｾ＠ abroad. For the rates: at lNhich ｾｴ｡ｉＣｰ＠ duty ｩｾ＠ ｾｴｩＱ ﾷ ｰｾｹ｡｢ｬ･＠ _nOD-IP property, see the Harris am.de (supra). Such duty hiay _tie at a ,,- . _.. . transaction instniment can .contain-a "Certificate of value", as also set ｾ＠ of any Ｍ Ｂｩｮｴ･Ｑｾ｡ｬ Ｂ ｰｲｯ･ｴｹＢ＠ . ' tha! yai'ue also' excluding .the ｾ｡ｊＮ･ of the transaction. Other exemptions from 'the payment 6f stamp duty exist ·';';'i;;'n', he, types'-of transaction, e.g. transfers under a will or on an'intestacy, under ｾ＠ ｾ ｾｬＺｩ ｳ･ＺｴｬＪ［ｭｾｮＡｯｲ｡＠ . gift, or as a dispositiqn between companies of the same group . reConstruction of ｣ｯｭｰｾｩ･ｳ Ｌ＠ all,as set out in ,the Stamp Duty Regulations 1987 (S.I. 1987 No. 516)'. . " . . , • . Ｂ Ｌ ｾ＠ •• • . A ' _ ｾ＠ • ｩ ｾＢＬ＠ ｾ ｾ Ｎ＠ ｟ ｾＧ Ｎ＠ • .' . '.' ｪＨＬ ［ｩｯｾＬＺｮ＠ of intellectual ｰｲ｣ｩｾｴｹ＠ rightS, itis 'also important to ｣ｯｾｳｩ､･ｲ＠ fiscal duties payable on such assignment_(and on 'any con- · or other assignments executed pursuant to it) according to the laws of other Ｂ Ａ ｴ Ｇ ｩｳＬｯ､･ｲｴ＼＾＠ that the ｳｾｰ＠ _duty payable unper,the· laws of the Republic of at a particularly onerous level. Local ¥ivice should therefpre be taken-if at all the instrument, imd even the . ass,ij'lJ1llneilt, ?on,<fu",g or ｾ a large o"eiall ｃｾＺｓＧＩ＠ is for 1 . with a assurance" clause to ..this be necessary. Separate formal ･ｾＬ＠ according to local laws and dJ ｰｾ｡ｲ･､＠ in the local , translation costs. F URTHER ASSURANCE CLAUSE: (b) do such further acts as shall be reasonably necessalY to vest in the Buyers such right, title and interest as the Seller may have to the Assets transferred to the Buyers in accordance with the terms of this Agreement at the cost of the Buyer. 330
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