Finance Act, 1989

Amendment of section 44 (exemption from stamp duty of certain stock) of Finance Act, 1970.

71.—(1) Section 44 of the Finance Act, 1970 , is hereby amended by the substitution of the following subsection for subsection (1):

“(1) In this section ‘stock’ means—

(a) any loan stock of a company registered or established in the State or a Board established by or under an Act of the Oireachtas or the Oireachtas of Saorstát Éireann the payment of the interest on which is guaranteed by the Minister for Finance, or

(b) any loan stock of the Electricity Supply Board, Radio Telefís Éireann, Industrial Credit Corporation p.l.c., Bord Telecom Éireann or Irish Telecommunications Investments p.l.c. to which paragraph (a) of this subsection does not apply.”.

(2) This section shall have effect with respect to instruments executed on or after the 27th day of June, 1988.