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Finance Act 1999

Type Act
Publication 1999-03-25
State In force
Source Irish Statute Book
articles 217
Reform history JSON API
Heading Duty
AGREEMENT or CONTRACT, accompanied with a deposit. See MORTGAGE, etc. AGREEMENT for a Lease, or for any letting. See LEASE. AGREEMENT for sale of property. See CONVEYANCE or TRANSFER on sale. ANNUITY— Conveyance in consideration of. See CONVEYANCE or TRANSFER on sale. Purchase of. See CONVEYANCE or TRANSFER on sale. Creation of, by way of security. See MORTGAGE, etc. ASSIGNMENT. By way of security, or of any security. See MORTGAGE, etc. On a sale or otherwise. See CONVEYANCE or TRANSFER. ASSURANCE. See POLICY. BILL OF EXCHANGE or PROMISSORY NOTE.
Where drawn on an account in the State ... 7p.
In any other case:
where drawn or made in the State ... ... 7p.
Exemptions. (1) Draft or order drawn by any banker in the State on any other banker in the State, not payable to bearer or to order, and used solely for the purpose of settling or clearing any account between such bankers. (2) Letter written by a banker in the State to any other banker in the State, directing the payment of any sum of money, the same not being payable to bearer or to order, and such letter not being sent or delivered to the person to whom payment is to be made or to any person on such person's behalf. (3) Letter of credit granted in the State, authorising drafts to be drawn out of the State payable in the State. (4) Draft or order drawn by the Accountant of the Courts of Justice. (5) Coupon or warrant for interest attached to and issued with any security, or with an agreement or memorandum for the renewal or extension of time for payment of a security. (6) Coupon for interest on a marketable security being one of a set of coupons whether issued with the security or subsequently issued in a sheet. (7) Bill drawn on any form supplied by the Commissioners for the purpose of remitting amounts of tax in accordance with Regulation 31(1) of the Income Tax (Employments) Regulations, 1960 (S.I. No. 28 of 1960). (8) Bill drawn on any form supplied by the Commissioners for the purpose of remitting amounts of turnover tax, wholesale tax, or value added tax. (9) Bill drawn on any form supplied by the Commissioners for the purpose of remitting amounts of tax in accordance with Regulation 10 of the Income Tax (Construction Contracts) Regulations, 1971 (S.I. No. 1 of 1971). (10) Direct debits and standing orders. (11) Bill drawn on an account outside the State. (12) Bill drawn on or on behalf of the Minister for Finance by which payment in respect of prize bonds is effected. BILL OF SALE— Absolute. See CONVEYANCE or TRANSFER on sale. By way of security. See MORTGAGE, etc. BOND in relation to any annuity on the original creation and sale of that annuity. See CONVEYANCE or TRANSFER on sale. BOND, accompanied with a deposit of title deeds, for making a mortgage or other security on any estate or property comprised in the mortgage or other security. See MORTGAGE, etc. BOND, DECLARATION, or other DEED or WRITING for making redeemable any disposition apparently absolute, but intended only as a security. See MORTGAGE, etc. CHEQUE. See BILL OF EXCHANGE. CONTRACT. See AGREEMENT. CONVEYANCE or TRANSFER on sale of any
stocks or marketable securities ... ... ... 1 per cent of the consideration but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
Exemption. Foreign loan security issued by or on behalf of a company or body of persons corporate or unincorporate formed or established in the State. For the purposes of this exemption a “foreign loan security” means a security issued outside the State in respect of a loan which is expressed in a currency other than the currency of the State and is neither offered for subscription in the State nor offered for subscription with a view to an offer for sale in the State of securities in respect of the loan. CONVEYANCE or TRANSFER on sale of a policy of insurance or a policy of life insurance where the risk to which the policy relates is located in the
State ... ... ... ... ... ... ... 0.1 per cent of the consideration but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
CONVEYANCE or TRANSFER on sale of any property other than stocks or marketable securities or a policy of insurance or a policy of life insurance. (1) Where the amount or value of the consideration for the sale which is attributable to residential property, or would be so attributable if the contents of residential property were considered to be residential property, does not exceed £60,000 and the instrument contains a statement certifying that the consideration for the sale is, as the case may be— (a) wholly attributable to residential property, or (b) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration which is attributable to residential property, or which would be so attributable if the contents of residential property were considered to be residential property, exceeds £60,000: for the consideration which is attributable to
residential property ... ... ... ... Exempt.
(2) Where paragraph (1) does not apply and the amount or value of the consideration for the sale which is attributable to residential property, or would be so attributable if the contents of residential property were considered to be residential property, does not exceed £100,000 and the instrument contains a statement certifying that the consideration for the sale is, as the case may be— (a) wholly attributable to residential property, or (b) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration which is attributable to residential property, or which would be so attributable if the contents of residential property were considered to be residential property, exceeds
£100,000 ... ... ... ... ... ... 3 per cent of the consideration which is attributable to residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(3) Where paragraphs (1) and (2) do not apply and the amount or value of the consideration for the sale which is attributable to residential property, or would be so attributable if the contents of residential property were considered to be residential property, does not exceed £170,000 and the instrument contains a statement certifying that the consideration for the sale is, as the case may be— (a) wholly attributable to residential property, or (b) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration which is attributable to residential property, or which would be so attributable if the contents of residential property were considered to be residential property, exceeds
£170,000 ... ... ... ... ... ... 4 per cent of the consideration which is attributable to residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(4) Where paragraphs (1) to (3) do not apply and the amount or value of the consideration for the sale which is attributable to residential property, or would be so attributable if the contents of residential property were considered to be residential property, does not exceed £250,000 and the instrument contains a statement certifying that the consideration for the sale is, as the case may be— (a) wholly attributable to residential property, or (b) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration which is attributable to residential property, or which would be so attributable if the contents of residential property were considered to be residential property, exceeds
£250,000 ... ... ... ... ... ... 5 per cent of the consideration which is attributable to residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(5) Where paragraphs (1) to (4) do not apply and the amount or value of the consideration for the sale which is attributable to residential property, or would be so attributable if the contents of residential property were considered to be residential property, does not exceed £500,000 and the instrument contains a statement certifying that the consideration for the sale is, as the case may be— (a) wholly attributable to residential property, or (b) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration which is attributable to residential property, or which would be so attributable if the contents of residential property were considered to be residential property, exceeds
£500,000 ... ... ... ... ... ... 7 per cent of the consideration which is attributable to residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(6) Where paragraphs (1) to (5) do not apply and the amount or value of the consideration for the sale is wholly or partly attributable to residential
property ... ... ... ... ... ... 9 per cent of the consideration which is attributable to residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(7) Where the amount or value of the consideration for the sale which is attributable to property which is not residential property does not exceed £5,000 and the instrument contains a statement certifying that the consideration for the sale is, as the case may be— (a) wholly attributable to property which is not residential property, or (b) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration which is attributable to property which is not residential property exceeds £5,000: for the consideration which is attributable to property which is not residential
property ... ... ... ... ... ... Exempt.
(8) Where paragraph (7) does not apply and the amount or value of the consideration for the sale which is attributable to property which is not residential property does not exceed £10,000 and the instrument contains a statement certifying that the consideration for the sale is, as the case may be— (a) wholly attributable to property which is not residential property, or (b) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration which is attributable to property which is not residential property exceeds
£10,000 ... ... ... ... ... ... 1 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(9) Where paragraphs (7) and (8) do not apply and the amount or value of the consideration for the sale which is attributable to property which is not residential property does not exceed £15,000 and the instrument contains a statement certifying that the consideration for the sale is, as the case may be— (a) wholly attributable to property which is not residential property, or (b) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration which is attributable to property which is not residential property exceeds
£15,000 ... ... ... ... ... ... 2 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(10) Where paragraphs (7) to (9) do not apply and the amount or value of the consideration for the sale which is attributable to property which is not residential property does not exceed £25,000 and the instrument contains a statement certifying that the consideration for the sale is, as the case may be— (a) wholly attributable to property which is not residential property, or (b) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration which is attributable to property which is not residential property exceeds
£25,000 ... ... ... ... ... ... 3 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(11) Where paragraphs (7) to (10) do not apply and the amount or value of the consideration for the sale which is attributable to property which is not residential property does not exceed £50,000 and the instrument contains a statement certifying that the consideration for the sale is, as the case may be— (a) wholly attributable to property which is not residential property, or (b) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration which is attributable to property which is not residential property exceeds
£50,000 ... ... ... ... ... ... 4 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(12) Where paragraphs (7) to (11) do not apply and the amount or value of the consideration for the sale which is attributable to property which is not residential property does not exceed £60,000 and the instrument contains a statement certifying that the consideration for the sale is, as the case may be— (a) wholly attributable to property which is not residential property, or (b) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration which is attributable to property which is not residential property exceeds
£60,000 ... ... ... ... ... ... 5 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(13) Where paragraphs (7) to (12) do not apply and the instrument contains a statement certifying that the consideration for the sale is, as the case may be— (a) wholly attributable to property which is not residential property, or (b) partly attributable to residential
property ... ... ... ... ... 6 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(14) Where paragraphs (7) to (13) do not apply and the amount or value of the consideration for the sale is wholly or partly attributable to property
which is not residential property ... ... ... 9 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(15) Where in the case of a conveyance or transfer on sale or in the case of a conveyance or transfer operating as a voluntary disposition inter vivos the instrument contains a certificate by the party to whom the property is being conveyed or transferred to the effect that the person becoming entitled to the entire beneficial interest in the property (or, where more than one person becomes entitled to a beneficial interest in the property, each of them) is related to the person or each of the persons immediately theretofore entitled to the entire beneficial interest in the property in one or other of the following ways, that is, as a lineal descendant, parent, grandparent, step-parent, husband or wife, brother or sister of a parent or brother or sister, or lineal descendant of
a parent, husband or wife or brother or sister ... a duty of an amount equal to one-half of the ad valorem stamp duty which, but for the provisions of this paragraph, would be chargeable under this heading.
CONVEYANCE or TRANSFER by way of security of any property, or of any security. See MORTGAGE, etc. CONVEYANCE or TRANSFER of any kind not already described in this Schedule. Where such instrument relates to— (a) immovable property situated in the State, or any right over or interest in such property, or (b) the stocks or marketable securities of a
company having a register in the State ... £10.
Exemption. Instrument which contains a statement certifying that the instrument is a conveyance or transfer on any occasion, not being a sale or mortgage. COUNTERPART. See DUPLICATE. COVENANT for securing the payment or repayment of money, or the transfer or retransfer of stock. See MORTGAGE, etc. COVENANT in relation to any annuity on the original creation and sale of that annuity. See CONVEYANCE or TRANSFER on sale. DEFEAZANCE. Instrument of defeazance of any conveyance, transfer or disposition, apparently absolute, but intended only as a security for money or stock. See MORTGAGE, etc. DEPOSIT of title deeds. See MORTGAGE, etc. DRAFT for money. See BILL OF EXCHANGE. DUPLICATE or COUNTERPART of any instrument chargeable with any duty.
Where such duty does not amount to £10 ... The same duty as the original instrument.
In any other case ... ... ... ... ... £10.
EQUITABLE MORTGAGE.
See MORTGAGE, etc.
EXCHANGE — instruments effecting.
In the case specified in section 104 of the Finance Act, 1993, see that section.
In any other case ... ... ... ... ... £10.
Exemption. Instrument which contains a statement certifying that the instrument is an instrument effecting an exchange which is not an exchange which is specified in section 104 of the Finance Act, 1993. FURTHER CHARGE or FURTHER SECURITY. See MORTGAGE, etc. INSURANCE. See POLICY. LEASE. (1) For any indefinite term or any term not exceeding 35 years of any dwellinghouse, part of a dwellinghouse, or apartment at a rent not
exceeding £6,000 per annum ... ... ... Exempt.
(2) For any definite term less than a year of any
lands, tenements or heritable subjects ... ... The same duty as a lease for a year at the rent reserved for the definite term.
(3) For any other definite term or for any indefinite term of any lands, tenements, or heritable subjects— (a) where the consideration, or any part of the consideration (other than rent), moving either to the lessor or to any other person, consists of any money, stock or security, and— (i) the amount or value of such consideration which is attributable to residential property, or would be so attributable if the contents of residential property were considered to be residential property, does not exceed £60,000 and the lease contains a statement certifying that the consideration (other than rent) for the lease is, as the case may be— (I) wholly attributable to residential property, or (II) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions, in respect of which the amount or value, or the aggregate amount or value, of the consideration (other than rent) which is attributable to residential property, or which would be so attributable if the contents of residential property were considered to be residential property, exceeds £60,000: for the consideration which is attributable to residential
property ... ... ... Exempt.
(ii) the amount or value of such consideration which is attributable to residential property, or would be so attributable if the contents of residential property were considered to be residential property, does not exceed £100,000 and the lease contains a statement certifying that the consideration (other than rent) for the lease is, as the case may be— (I) wholly attributable to residential property, or (II) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration (other than rent) which is attributable to residential property, or which would be so attributable if the contents of residential property were considered to be residential property, exceeds £100,000 and clause (i) does not
apply ... ... ... ... 3 per cent of the consideration which is attributable to residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(iii) the amount or value of such consideration which is attributable to residential property, or would be so attributable if the contents of residential property were considered to be residential property, does not exceed £170,000 and the lease contains a statement certifying that the consideration (other than rent) for the lease is, as the case may be— (I) wholly attributable to residential property, or (II) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration (other than rent) which is attributable to residential property, or which would be so attributable if the contents of residential property were considered to be residential property, exceeds £170,000 and clauses (i) and (ii) do
not apply ... ... ... ... 4 per cent of the consideration which is attributable to residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(iv) the amount or value of such consideration which is attributable to residential property, or would be so attributable if the contents of residential property were considered to be residential property, does not exceed £250,000 and the lease contains a statement certifying that the consideration (other than rent) for the lease is, as the case may be— (I) wholly attributable to residential property, or (II) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration (other than rent) which is attributable to residential property, or which would be so attributable if the contents of residential property were considered to be residential property, exceeds £250,000 and clauses (i) to (iii) do
not apply ... ... ... ... 5 per cent of the consideration which is attributable to residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(v) the amount or value of such consideration which is attributable to residential property, or would be so attributable if the contents of residential property were considered to be residential property, does not exceed £500,000 and the lease contains a statement certifying that the consideration (other than rent) for the lease is, as the case may be— (I) wholly attributable to residential property, or (II) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration (other than rent) which is attributable to residential property, or which would be so attributable if the contents of residential property were considered to be residential property, exceeds £500,000 and clauses (i) to (iv) do
not apply ... ... ... ... 7 per cent of the consideration which is attributable to residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(vi) the amount or value of such consideration is wholly or partly attributable to residential property and clauses (i) to (v) do not
apply ... ... ... ... 9 per cent of the consideration which is attributable to residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(b) where the consideration, or any part of the consideration (other than rent), moving either to the lessor or to any other person, consists of any money, stock or security, and— (i) the amount or value of such consideration which is attributable to property which is not residential property does not exceed £5,000 and the lease contains a statement certifying that the consideration for the lease is, as the case may be— (I) wholly attributable to property which is not residential property, or (II) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions, in respect of which the amount or value, or the aggregate amount or value, of the consideration (other than rent) which is attributable to property which is not residential property exceeds £5,000: for the consideration which is attributable to property which
is not residential property ... Exempt.
(ii) the amount or value of such consideration which is attributable to property which is not residential property does not exceed £10,000 and the lease contains a statement certifying that the consideration for the lease is, as the case may be— (I) wholly attributable to property which is not residential property, or (II) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration (other than rent) which is attributable to property which is not residential property exceeds £10,000 and clause (i) does
not apply ... ... ... ... 1 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(iii) the amount or value of such consideration which is attributable to property which is not residential property does not exceed £15,000 and the lease contains a statement certifying that the consideration for the lease is, as the case may be— (I) wholly attributable to property which is not residential property, or (II) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration (other than rent) which is attributable to property which is not residential property exceeds £15,000 and clauses (i) and
(ii) do not apply ... ... ... 2 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(iv) the amount or value of such consideration which is attributable to property which is not residential property does not exceed £25,000 and the lease contains a statement certifying that the consideration for the lease is, as the case may be— (I) wholly attributable to property which is not residential property, or (II) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration (other than rent) which is attributable to property which is not residential property exceeds £25,000 and clauses (i) to
(iii) do not apply ... ... ... 3 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(v) the amount or value of such consideration which is attributable to property which is not residential property does not exceed £50,000 and the lease contains a statement certifying that the consideration for the lease is, as the case may be— (I) wholly attributable to property which is not residential property, or (II) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration (other than rent) which is attributable to property which is not residential property exceeds £50,000 and clauses (i) to
(iv) do not apply ... ... ... 4 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(vi) the amount or value of such consideration which is attributable to property which is not residential property does not exceed £60,000 and the lease contains a statement certifying that the consideration for the lease is, as the case may be— (I) wholly attributable to property which is not residential property, or (II) partly attributable to residential property, and that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration (other than rent) which is attributable to property which is not residential property exceeds £60,000 and clauses (i) to
(v) do not apply ... ... ... 5 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(vii) the instrument contains a statement certifying that the consideration for the lease is, as the case may be— (I) wholly attributable to property which is not residential property, or (II) partly attributable to residential property, and clauses (i) to (vi) do not
apply ... ... ... ... 6 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(viii) the amount or value of such consideration is wholly or partly attributable to property which is not residential property and
clauses (i) to (vii) do not apply ... 9 per cent of the consideration which is attributable to property which is not residential property but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(c) where the consideration or any part of the consideration is any rent, in respect of such consideration, whether reserved as a yearly rent or otherwise: (i) if the term does not exceed 35 years
or is indefinite ... ... ... 1 per cent of the average annual rent but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(ii) if the term exceeds 35 years but does
not exceed 100 years ... ... 6 per cent of the average annual rent but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(iii) if the term exceeds 100 years ... 12 per cent of the average annual rent but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
(4) Lease made subsequently to, and in conformity with, an agreement duly stamped under the provisions of section 75 of the Stamp Act,
1891 ... ... ... ... ... ... ... £10.
(5) Of any other kind not already described under this heading which relates to immovable property situated in the State or to any right over
or interest in such property ... ... ... ... £10.
LETTER OF CREDIT. See BILL OF EXCHANGE. MORTGAGE, BOND, DEBENTURE, COVENANT (except a marketable security) which is a security for the payment or repayment of money which is a charge or incumbrance on property situated in the State other than shares in stocks or funds of the Government or the Oireachtas. (1) Being the only or principal or primary security (other than an equitable mortgage): where the amount secured does not exceed
£20,000 ... ... ... ... ... ... Exempt.
where the amount secured exceeds £20,000 ... 0.1 per cent of the amount secured and where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £ but in no case shall the duty so charged exceed £500.
(2) Being a collateral, or auxiliary, or additional, or substituted security other than an equitable mortgage), or by way of further assurance for the above-mentioned purpose where the principal or primary security is not chargeable to duty or is duly stamped: where the amount secured does not exceed
£20,000 ... ... ... ... ... ... Exempt.
where the amount secured exceeds £20,000 ... £10.
(3) Being an equitable mortgage: where the amount secured does not exceed
£20,000 ... ... ... ... ... ... Exempt.
where the amount secured exceeds £20,000 ... 0.05 per cent of the amount secured and where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £ but in no case shall the duty so charged exceed £500.
(4) Transfer, assignment or disposition of any such mortgage, bond, debenture, or covenant (except a marketable security) or of any money or stock secured by any such instrument or by any judgement: where the amount secured does not exceed
£20,000 ... ... ... ... ... ... Exempt.
where the amount secured exceeds £20,000 ... 0.05 per cent of the amount transferred, assigned, or disposed, exclusive of interest which is not in arrear and where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £ and in no case shall the duty so charged exceed £500.
where any further money is added to the
money already secured ... ... ... The same duty as a principal security for such further money.
MORTGAGE OF STOCK or MARKETABLE SECURITY. By deed. See MORTGAGE, etc. ORDER for the payment of money. See BILL OF EXCHANGE. PARTITION or DIVISION — instruments effecting. In the case specified in section 73, see that section. POLICY OF LIFE INSURANCE made for a period exceeding 2 years where the risk to which the policy relates is located in the State.
Where the sum insured exceeds £50 ... ... 0.1 per cent of the amount insured but where the calculation results in an amount which is not a multiple of £1 the amount so calculated shall be rounded up to the nearest £.
POLICY OF INSURANCE other than Life Insurance where the risk to which the policy relates is located in the State. Where there is one premium only and the amount of that premium equals or exceeds £15 or, where there is more than one premium and the total amount payable in respect of that premium in any period of 12 months equals or
exceeds £15 ... ... ... ... ... £1.
PROMISSORY NOTE. See BILL OF EXCHANGE. RELEASE or RENUNCIATION of any property, or of any right or interest in any property— On a sale. See CONVEYANCE or TRANSFER on sale.
In any other case ... ... ... ... ... £10.
Exemption. Instrument which contains a statement certifying that the instrument is a release or renunciation of property, or of a right or interest in property, which is not a release or renunciation on a sale. SHARE WARRANT issued under the provisions of the Companies Act, 1963, and STOCK CERTIFICATE to bearer, expressed in the currency of
the State ... ... ... ... ... ... A duty of an amount equal to 3 times the amount of the ad valorem stamp duty which would be chargeable on a deed transferring the share or shares or stock specified in the warrant or certificate if the consideration for the transfer were the nominal value of such share or shares or stock.
SURRENDER of any property, or of any right or interest in any property— On a sale. See CONVEYANCE or TRANSFER.
In any other case ... ... ... ... ... £10.
Exemption. Instrument which contains a statement certifying that the instrument is a surrender of property, or of a right or interest in property, not being a surrender on a sale. TRANSFER. See CONVEYANCE or TRANSFER. GENERAL EXEMPTIONS (1) Transfers of shares in— (a) stocks or funds of the Government or Oireachtas, (b) any stock or other form of security to which section 39 of the Taxes Consolidation Act, 1997, applies, (c) any stock or other form of security to which section 40 of the Taxes Consolidation Act, 1997, applies, and (d) stocks or funds of the Government or Parliament of the late United Kingdom of Great Britain and Ireland which are registered in the books of the Bank of Ireland in Dublin. (2) Instruments for the sale, transfer, or other disposition, either absolutely or by way of mortgage, or otherwise, of any ship or vessel or aircraft, or any part, interest, share, or property of or in any ship or vessel or aircraft. (3) Testaments and testamentary instruments. (4) Bonds given to sheriffs or other persons on the replevy of any goods or chattels, and assignments of such bonds. (5) Instruments made by, to, or with the Commissioners of Public Works in Ireland.

SCHEDULE 6 Stamp Duties, etc.

Session and Chapter or Number and Year Short Title Extent of Repeal
(1) (2) (3)
9 & 10 Vict., c.86. Public Works (Ireland) (No. 2) Act, 1846. Section 8.
33 & 34 Vict., c.112. Glebe Loan (Ireland) Act, 1870. Section 8.
54 & 55 Vict., c.38. Stamp Duties Management Act, 1891. In section 2(2) the words “England or” and “, or of the Court of Session sitting as the Court of the Exchequer in Scotland, as the case may require,”; and section 23.
54 & 55 Vict., c.39. Stamp Act, 1891 In section 14(1) the words “and of a further sum of one pound,”; in section 58(7) the words “or (3)”; in section 59(2) the words “except (where appropriate) with the fixed duty of £10”; section 59(5); in section 62 the proviso thereto; sections 104 to 106; section 121; and in section 122(1) in the Table to the definition of “accountable person” (inserted by the Finance Act, 1991) the word “SETTLEMENT” in column (1) and the words “The settlor” in column (2) and in the definition of “stock” the words “, and India promissory notes,”.
57 & 58 Vict., c.30. Finance Act, 1894. Section 40.
61 & 62 Vict., c.46. Revenue Act, 1898. Sections 7(5), 11 and 12.
62 & 63 Vict., c.9. Finance Act, 1899. In section 6 the words “marketable security,”; “a marketable security transferable by delivery, or” and “, as the case may be,”.
2 Edw. 7, c.7. Finance Act, 1902. Section 9.
7 Edw. 7, c.13. Finance Act, 1907. Section 7.
10 Edw. 7, c.8. Finance (1909-10) Act, 1910. Section 74(4).
No. 21 of 1923. Finance Act, 1923. Section 19.
No. 27 of 1924. Finance Act, 1924. Section 38(2) in so far as it relates to stamp duties.
No. 29 of 1924. Railways Act, 1924. Section 9(4).
No. 28 of 1925. Finance Act, 1925. Section 48.
No. 11 of 1928. Finance Act, 1928. Section 33.
No. 20 of 1930. Finance Act, 1930. Section 16.
No. 31 of 1932. Bourn Vincent Memorial Park Act, 1932. Section 8.
No. 16 of 1943. Finance Act, 1943. In section 15(2) the words “, and no certificate of indebtedness and no such instrument as aforesaid embodied or contained in a certificate of indebtedness shall be prevented from being given in evidence or being made available for any purpose merely by reason of the fact that no stamp duty had been paid in respect thereof”; and section 18.
No. 21 of 1944. Transport Act, 1944. Section 58.
No. 7 of 1945. Minerals Company Act, 1945. Section 12.
No. 2 of 1947. Industrial Alcohol (Amendment) Act, 1947. Section 11.
No. 12 of 1948. Finance Act, 1948. Section 11.
No. 12 of 1950. Transport Act, 1950. Section 67(2).
No. 7 of 1952. Sea Fisheries Act, 1952. Section 30.
No. 11 of 1953. Grass Meal (Production) Act, 1953. Section 4(2).
No. 13 of 1955. Finance Act, 1955. Section 17.
No. 47 of 1956. Finance (Miscellaneous Provisions) Act, 1956. Section 24.
No. 20 of 1958. Great Northern Railway Act, 1958. Section 4.
No. 10 of 1960. Broadcasting Authority Act, 1960. Section 32(12).
No. 21 of 1961. Hospitals Federation and Amalgamation Act, 1961. Section 19(3).
No. 15 of 1964. Finance Act, 1964. Section 23.
No. 22 of 1965. Finance Act, 1965. In paragraph (B) of section 31(1) the words “, nor shall any such duty be chargeable under section 12 of the Finance Act, 1895, on a copy of any Act of the Oireachtas, or on any instrument vesting, or relating to the vesting of, the undertaking or shares in the transferee company”.
No. 21 of 1966. Housing Act, 1966. Section 51.
No. 5 of 1967. Industrial Training Act, 1967. Section 49(10).
No. 7 of 1968. Finance (Miscellaneous Provisions) Act, 1968. Section 12.
No. 9 of 1969. Nelson Pillar Act, 1969. Section 3(3).
No. 21 of 1969. Finance Act, 1969. In section 49(3) the words “a conveyance, transfer or lease of a house by a local authority under the provisions of the Housing Act, 1966, or of”.
In section 49 the whole of subsections (4) and (5).
No. 24 of 1971. Central Bank Act, 1971. Section 42(1).
No. 19 of 1973. Finance Act, 1973. Section 64(5); in section 69(2) the words “,without deduction of income tax,”; and the proviso to section 73.
No. 39 of 1976. Wildlife Act, 1976. Section 14(7).
No. 11 of 1979. Finance Act, 1979. Section 54.
No. 1 of 1980. Fisheries Act, 1980. Section 62.
No. 30 of 1981. Fire Services Act, 1981. Section 17(5).
No. 32 of 1981. Youth Employment Agency Act, 1981. Section 29.
No. 24 of 1983. Postal and Telecommunications Services Act, 1983. Section 43.
No. 3 of 1986. Canals Act, 1986. Section 2(7).
No. 31 of 1986. Transport (Re-Organisation of Córas Iompair Éireann) Act, 1986. In section 31 the words “Section 12 of the Finance Act, 1895, shall not apply to the vesting of any property or rights transferred by this Act and”.
No. 13 of 1986. Finance Act, 1986. In section 95(2) the words “Notwithstanding the provisions of section 23 of the Finance Act, 1964,”.
No. 26 of 1988. Forestry Act, 1988. Section 42.
No. 20 of 1990. Shannon Navigation Act, 1990. Section 5(7).
No. 26 of 1990. Insurance Act, 1990. Section 8(1).
No. 2 of 1991. Marine Institute Act, 1991. Section 20(4).
No. 9 of 1991. Radiological Protection Act, 1991. Section 47.
No. 9 of 1992. Finance Act, 1992. Section 205(10).
No. 13 of 1993. Finance Act, 1993. Section 101(2)(a).
No. 31 of 1993. Local Government (Dublin) Act, 1993. Paragraph 1(5) of the Second Schedule; in paragraph 9 of Part I of the Third Schedule the words “Section 12 of the Finance Act, 1895,”; and in paragraph 9 of Part II of the Third Schedule the words “Section 12 of the Finance Act, 1895 and”.
No. 22 of 1994. An Bord Bia Act, 1994. Section 48(3).
No. 13 of 1994. Finance Act, 1994. Sections 109(2) and 110.
No. 29 of 1995. Irish Medicines Board Act, 1995. Section 30.
No. 32 of 1995. Civil Legal Aid Act, 1995. Section 14(4).
No. 9 of 1996. Finance Act, 1996. In section 106(1) the whole of subparagraphs (ii) and (iii) of paragraph (a).
No. 11 of 1996. Harbours Act, 1996. Section 98.
No. 27 of 1996. Metrology Act, 1996. Section 34(4).
No. 28 of 1996. National Standards Authority of Ireland Act, 1996. Section 36.
No. 7 of 1997. Dublin Docklands Development Authority Act, 1997. Sections 28(9) and 52.
No. 39 of 1997. Taxes Consolidation Act, 1997. Sections 707(3), 875 and 969.
No. 1 (Private) of 1969. The Institution of Civil Engineers of Ireland (Charter Amendment) Act, 1969. Section 11(5).

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