(1) In this section 'approved sports body' means an 'approved body of persons' within the meaning of section 235(1) of the Taxes Consolidation Act 1997.
(2) Stamp duty shall not be chargeable on any instrument operating as a conveyance, transfer or lease, of land to an approved sports body.
(3) Subsection (2) shall not apply to an instrument unless -
(a) the land conveyed, transferred or leased by the instrument will be used for the sole purpose of promoting athletic or amateur games or sports, and
(b) [deleted]
(a) Where an approved sports body to whom land was conveyed, transferred or leased by any instrument to which subsection (2) applied -
(i) disposes of such land, or part of such land (in this subsection referred to as a 'part disposal'), and
(ii) does not fully apply the proceeds from such disposal or, as the case may be, such part disposal, to the sole purpose of promoting athletic or amateur games or sports,
then such approved sports body shall become liable to pay to the
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