Finance Act 2020

• Permanent Page URL

Amendment of section 31C of Principal Act (shares deriving value from immovable property situated in the State)

48. Section 31C of the Principal Act is amended by inserting the following subsection after subsection (7):

“(7A) Where an agreement (within the meaning of section 31D) is chargeable to stamp duty under section 31D and would, but for that section, be treated as a conveyance or transfer on sale for the purposes of subsection (5) (in accordance with subsection (7)), the agreement shall be so treated and not be chargeable to stamp duty under section 31D.”.