Finance Act, 1970

Abolition of stamp duty in the case of transfers of certain stock.

44.—(1) In this section “stock” means 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.

(2) Transfers of stock shall be exempt from all stamp duties.

(3) Any agreement under section 115 of the Stamp Act, 1891, in respect of any stock shall cease to have effect.

(4) This section shall come into operation on the 1st day of August, 1970, or the date of the passing of this Act, whichever is the later.