Revenue has published a new stamp duty manual providing guidance on the application of Consanguinity Relief which allows for a one percent reduced rate of stamp duty on the conveyance and transfer of land between certain related parties.
The guidance outlines the relevant eligibility criteria and the interaction between the relief and the Young Trained Farmers relief. The guidance in Schedule 1 - Stamp Duties on Instruments has been updated to remove the material on consanguinity relief as the details are now included in the new guidance.
LOADING...