Section 42
{1)
No income tax, tax on caP,ital gains or other tax shall be levied, withheld or collected in respect of any mutual fund, the holder of an operator's licence or the holder of a licence or permission under section 13, in respect of such a fund on or in respect of any dividends or earnings attributable to any unit share, partnership interest, debt or securities; or in the case of such a licensee on any fees or other earnings received in that capacity.
(2)
No estate, inheritance, succession or similar tax shall be levied in respect of any mutual fund or fund interest or in respect of the transfer of any fund interest.
202
lOth.
2001
{3}
Notwithstanding anything in the Stamp Act (Chapter 34), duty shall not be chargeable on any of the following-
(a} instruments relating to transfers of any property to or by a mutual fund;
{bj instruments relating to transactions in respect of any fund interest;
{c) instruments relating in any way to the assets or activities of a mutual fund.
(4)
Expressions used in subsection (3) have the same meaning as in the
Stamp Act (Chapter 34).
(5)
No filing, return or financial information shall be required from a mutual fund in relation to any taxation, duty or other levy in respect of which relief is granted under this section.
Exemption from Order.