Finance Act, 1981

Amendment of section 49 (exemption of certain instruments from stamp duty) of Finance Act, 1969.

48.—(1) Section 49 of the Finance Act, 1969 , is hereby amended by the insertion after subsection (2) (inserted by the Finance Act, 1976 ) of the following subsection:

“(2A) Notwithstanding subsection (2) of this section, subsection (1) of this section shall have effect in relation to an instrument if, but (apart from the said subsection (2)) only if, it is shown to the satisfaction of the Revenue Commissioners—

(a) that there is in force in respect of the house to which the instrument relates a certificate of reasonable value under section 18 of the Housing (Miscellaneous Provisions) Act, 1979 , and

(b) that the Minister for the Environment has certified that he is satisfied, on the basis of the information available to him at the time of so certifying, that the total floor area of the said house measured in the manner referred to in section 4(2)(b) of that Act does not or will not exceed the maximum total floor area standing specified in regulations under the said section 4(2)(b) and is not or will not be less than the minimum total floor area standing so specified.”.