Stamp duty: associated companies relief

Jun 29, 2020

The Stamp duty manual on associated companies relief has been amended to clarify certain conditions for the relief and certain Revenue practices. 

Amendments in the Associated companies relief (section 79 Stamp Duties Consolidation Act 1999) manual relate to:

  • Retention of property within a corporate group post transfer –
    • the type of property that, by its nature, ceases to exist, and
    • the extinguishing of shares in a transferred company following its liquidation.
  • The application of practices to both the transferee and transferor.
  • The holding of issued share capital of foreign bodies corporate.
  • Change in ownership of shares in listed companies post transfer.
  • Timing of transfers of property and series of mergers.
  • Liquidation and mergers under foreign law.