ICAI Tax - 19th January 2009

Mon, Jan 19, 2009


Any instrument executed on or after 24 December 2008 which transfers stock or marketable securities on sale where the amount or value of the consideration is €1,000 or less, is exempt from stamp duty. eBrief No. 7/09 advises that to avail of the exemption the instrument must be certified.

According to the eBrief, the Certificate must be worded as follows:

"It is hereby certified that the transaction effected by this 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 stocks or marketable securities exceeds €1,000."

eBrief No. 7/09 is available here

Recommended Reading

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