Revenue published two new Tax and Duty Manuals (TDMs) on the new stamp duty provisions providing for the 10 percent rate of duty on certain residential units and the refund scheme available for social housing leases.

The new TDM Stamp duty on certain acquisitions of residential property (10% rate of duty) Part 5: section 31E provides guidance on the higher 10 percent rate of duty on the acquisition of certain residential property where a person acquires at least 10 residential units during any 12-month period.

The new TDM Repayment of stamp duty where certain residential units leased (social housing) Part 7: section 83E provides guidance on the refund scheme in relation to stamp duty paid at the rate of 10 percent where a residential unit is subsequently leased, for a term of at least 10 years, to a local authority or an approved housing body for the provision of social housing.

The TDM section 81C – Farm consolidation relief – has been amended in section 4.2 to advise that refund claims must be submitted online.

The TDM Part 04-02-03 – Recognised Stock Exchanges – has been amended by adding a new section 1.13 that includes section 90 SDCA in the list of sections that contain a reference to a “recognised stock exchange”. This addition does not reflect any change to the operation of section 90 SDCA 1999.

Section 31E SDCA 1999 and section 83E SDCA 1999 were both introduced by the Finance (Covid-19 and Miscellaneous Provisions) Act 2021.

See Revenue eBrief no. 165/21 for further details.