National Bank Transfer Act, 1966

Exemptions from stamp duty.

7.—(1) Section 12 of the Finance Act, 1895, shall not apply to the vesting in the transferee of any property of the transferor by virtue of this Act.

(2) Stamp duty shall not be charged and shall be deemed never to have been chargeable on the Transfer Agreement.

(3) Stamp duty shall not be charged on any instrument executed in order to supplement the transfers effected or deemed to be effected by sections 2 and 3 of this Act.