Section 29: Exemption from stamp duty or other charges.

(1) Stamp duty shall not be chargeable under the Stamp Duties Act in respect of any transfer made or transaction entered, into under the provisions of this Part on which, except for the exemption granted under this section, stamp duty would have been payable and in particular, and without derogation from this section, no stamp duty shall be chargeable - [Cap. S8, LFN, 2004]
(a) during the incorporation of tire ISO, and any successor company created under section 15 (1) of this Act or any subsequent increase to their authorised share capital, prior to the transfer of an interest to one or more private investors;
(b) in respect of any security issued in compliance with a transfer order issued under section 15 (2) of this Act;
(c) where any convertible securities were issued in compliance with a transfer order issued under section 15 (2), in respect of the exercise of the conversion rights attached to any such security; or
(d) in respect of any other transfer of rights and assets under this part.?
(2) Capital gains tax shall not be chargeable under the Capital Gains Tax Act, in respect of any transfer made or transaction entered into under this Part on which, except for the exemption granted under this section, capital gains tax would have been payable. [Cap. C1, LFN, 2004]