Finance Act 2005

Amendment of section 117 (statement to be charged with stamp duty) of Principal Act.

127.—(1) Section 117 of the Principal Act is amended—

(a) in subsection (1)—

(i) by substituting “0.5 per cent” for “1 per cent”, and

(ii) by substituting “the amount so calculated shall, if less than €1, be rounded up to €1 and, if more than €1, be rounded down to the nearest €” for “the amount so calculated shall be rounded down to the nearest €”,

and

(b) in subsection (2) by deleting paragraph (a).

(2) (a) Paragraph (a)(i) of subsection (1) applies as respects transactions effected on or after 2 December 2004, and

(b) Paragraphs (a)(ii) and (b) of subsection (1) apply as respects transactions effected on or after 3 February 2005.