Temple Bar Area Renewal and Development Act, 1991
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Exemption from stamp duty. |
18.—(1) Section 12 of the Finance Act, 1895 , shall not apply in respect of any conveyance, transfer, vesting order referred to in the Third Schedule or other instrument executed for the purpose of vesting in Temple Bar Properties Limited, or any subsidiary thereof, any land situated in the Area or any interest in land so situated. | |
(2) For the purposes of this section, a company shall be deemed to be a subsidiary of Temple Bar Properties Limited if— | ||
(a) Temple Bar Properties Limited— | ||
(i) is a member of the company and controls the composition of at least half of the company's board of directors, or | ||
(ii) holds at least half in nominal value of the company's equity share capital, or | ||
(iii) holds at least half in nominal value of the company's shares carrying voting rights (other than voting rights which arise only in specified circumstances), | ||
or | ||
(b) the company is a subsidiary of any company which is a subsidiary of Temple Bar Properties Limited. |