Finance Act, 1976

PART III

Stamp Duties

Extension of time for claiming repayment of certain stamp duties.

47.—(1) The Revenue Act, 1898, is hereby amended by the substitution for section 13 of the following section:

“13. In the provisions of sections 9, 10 and 12 of the Stamp Duties Management Act, 1891, which deal with the periods within which applications under those sections must be made ‘6 years’ shall be substituted for ‘two years’”.

(2) Subsection (5) of section 49 and the proviso to subsection (4) of section 50 of the Finance Act, 1969 , are hereby amended by the substitution of “6 years” for “two years”, and the said subsection (5) and the said proviso, as so amended, are set out in the Table to this subsection.

TABLE

(5) In each such case as is referred to in subsection (4) of this section, the Revenue Commissioners may repay the duty charged on the instrument, provided that the application for exemption and repayment is made within 6 years after the date of the instrument.

Provided that the application for repayment is made within 6 years after the date of the decrease in the consideration.