Finance Act, 1976

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

48.Section 49 of the Finance Act, 1969 , is hereby amended by the substitution for subsections (2) and (3) of the following subsections—

“(2) With effect on and from the 1st day of January, 1976, subsection (1) of this section shall have effect in relation to an instrument if, but only if, it is shown to the satisfaction of the Revenue Commissioners that the Minister for Local Government has certified that he is satisfied that the house to which the instrument relates complies or, on the basis of evidence submitted to him, will comply, with the requirements of one of the following sections, namely, sections 2 and 7 of the Housing (Loans and Grants) Act, 1962 , and sections 15 to 18 and 20 of the Housing Act, 1966 , in relation to the making of a grant in respect of the house under the section.

(3) Stamp duties shall not be chargeable in the case of a conveyance, transfer or lease of a house by a local authority under the provisions of the Housing Act, 1966 , or of a conveyance, transfer or lease of a house by a society registered under the Industrial and Provident Societies Acts, 1893 to 1966, and made, in accordance with a scheme for the provision of houses for its members, to a member or to such member and the spouse of the member.”.