Finance Act, 1982

Amendment of section 19 (conveyance or transfer on sale — limit on stamp duty in respect of certain transactions between bodies corporate) of Finance Act, 1952.

96.—(1) Section 19 (inserted by the Finance Act, 1980 ) of the Finance Act, 1952 , is hereby amended by the substitution of the following subsection for subsection (1):

“(1) Stamp duty chargeable under or by reference to the heading ‘Conveyance or Transfer on Sale of any property other than stocks or marketable securities’ in the First Schedule to the Stamp Act, 1891, on any instrument to which this section applies shall be charged at the rate of £1 for every £50 or fractional part of £50 of the amount or value of the consideration for the sale, or, in the case of a conveyance or transfer operating as a voluntary disposition inter vivos, of the value of the property conveyed or transferred.”.

(2) The Imposition of Duties (No. 253) (Limit on Stamp Duty in respect of Certain Transactions between Bodies Corporate) Order, 1981 (S.I. No. 272 of 1981), is hereby revoked.

(3) This section shall not have effect with respect to any instrument executed before the date of the passing of this Act.