Stamp Duty Consolidation Act, 1999 (Number 31 of 1999)
88 Certain stocks and marketable securities.
(1) (a) In subparagraph (ii) of paragraph (b)—
“collective investment scheme” means a scheme which is an arrangement made for the purpose, or having the effect, solely or mainly, of providing facilities for the participation by the public or other investors, as beneficiaries, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property;
“units” includes shares and any other instruments granting an entitlement to shares in the investments or income of, or receive a distribution from, a collective investment scheme.
(ii) units in a collective investment scheme which is incorporated or otherwise formed under the law of a territory outside the State,
(2) Paragraph (b) of subsection (1) shall not apply where the conveyance or transfer of units (being units within the meaning of subparagraph (ii) of paragraph (b) of subsection (1)) or stocks or marketable securities (being stocks or marketable securities within the meaning of subparagraph (iv) of paragraph (b) of subsection (1)), as the case may be, relates to—
(a) any immovable property situated in the State or any right over or interest in such property, or
(b) any stocks or marketable securities of a company, other than a company which is
>a collective investment undertaking within the meaning of section 734 of the Taxes Consolidation Act, 1997<, which is registered in the State.
Substituted by FA05 s124(1)(a). This section applies as respects conveyances or transfers effected on or after the date of the passing of this Act. FA05 25 March 2005
Substituted by FA05 s124(1)(b). This section applies as respects conveyances or transfers effected on or after the date of the passing of this Act. FA05 25 March 2005
Inserted by FA13 s81(b).