Finance Bill 2017 adds additional Stamp Duty measure

Dec 11, 2017

Following Seanad Committee Stage, a new section 62 Shares deriving value from immovable property situated in State has been inserted into Finance Bill 2017. This new stamp duty anti-avoidance section applies the 6% stamp duty rate on the disposal of certain shares deriving their value from non-residential property.  Generally the rate on shares is 1%.

This new measure applies to instruments executed from 6 December 2017. Transitional measures apply for instruments executed before 1 March 2018. 

You can read the new section, which is listed as item number 9 in the Seanad Committee Stage amendments, on the Oireachtas website.