Part 5 Stamp Duties Consolidation Act 1999 provides for a charge to Stamp Duty on particular instruments. Revenue has updated the guidance to state that Revenue accepts that a contract or agreement for sale (section 31A), a licence agreement (section 31B), or an agreement for a lease (section 50A) is deemed to be executed on the date on which the 25 percent threshold, as referred to in each of those sections, is reached.
The guidance on section 31E SDCA 1999, which provides for a higher rate of Stamp Duty to be charged on bulk acquisitions of residential property (excluding apartments), has been updated to reflect the increase in the higher rate from 10 percent to 15 percent on 2 October 2024.
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