Finance Act, 1996
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Exemption from stamp duty of designated body. |
117.—(1) Stamp duty shall not be chargeable on— | |
(a) the transfer, sale, or assignment of mortgages by a housing authority to a designated body, or | ||
(b) the transfer of securities issued by a designated body. | ||
(2) In this section “designated body” and “housing authority” have the same meanings, respectively, as they have in subsection (1) of section 1 of the Securitisation (Proceeds of Certain Mortgages) Act, 1995 . | ||
(3) Section 15 of the Securitisation (Proceeds of Certain Mortgages) Act, 1995 , is hereby repealed. |