Finance Act 2012
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Reduction of duty chargeable on non-residential property. |
97.— (1) The Principal Act is amended— | |
(a) in section 90A by deleting subsection (4), | ||
(b) in section 101 by deleting subsection (4), | ||
(c) in section 101A by deleting subsection (4), and | ||
(d) in Schedule 1 as indicated in Schedule 2 . | ||
(2) Subject to subsection (3), subsection (1) applies as respects instruments executed on or after 7 December 2011. | ||
(3) Subsection (1) does not apply as respects any instrument executed before 1 July 2012 where— | ||
(a) the effect of the application of that subsection would be to increase the duty otherwise chargeable on the instrument, and | ||
(b) the instrument contains a statement, in such form as the Revenue Commissioners may specify, certifying that the instrument was executed solely in pursuance of a binding contract entered into before 7 December 2011. |