Finance Act, 1999

Amendment of section 208 (location of insurance risk for stamp duty purposes) of Finance Act, 1992.

196.Section 208 of the Finance Act, 1992 , is hereby amended—

(a) by the substitution of the following paragraph for paragraph (d) (inserted by the Finance Act, 1995 ):

“(d) in any other case, if the policyholder has his or her habitual residence in the State, or where the policyholder is a legal person other than an individual, if the policyholder's head office or branch to which the policy relates is situated in the State.”,


(b) by the insertion of the following subsection:

“(2) In paragraph (d) of subsection (1) ‘branch’ means an agency or branch of a policyholder or any permanent presence of a policyholder in the State even if that presence does not take the form of an agency or branch but consists merely of an office managed by the policyholder's own staff or by a person who is independent but has permanent authority to act for the policyholder in the same way as an agency.”.