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Amendment of section 14 (penalty on stamping instruments after execution) of Principal Act.
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81.— Section 14 of the Principal Act is amended by inserting the following after subsection (2)—
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“(2A) (a) Subject to the conditions in paragraph (b) being satisfied, a penalty of €25 referred to in subsection (1) or a penalty referred to in subsection (2) shall not be payable in respect of any instrument, first executed before the passing of the Finance (No. 2) Act 2008, in respect of which the stamp duty chargeable has not been paid to the Commissioners before the passing of that Act.
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(b) The conditions required to be satisfied by this paragraph are that—
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(i) the instrument is delivered to the Commissioners for stamping before the expiration of the period of 56 days commencing on the passing of the Finance (No. 2) Act 2008 (in this paragraph referred to as the ‘expiration date’), and
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(ii) the stamp duty chargeable on the instrument is paid to the Commissioners, together with interest relating to such duty, on or before the expiration date.”.
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