Finance Act, 1973

Securities of certain European bodies.

92.—(1) This section applies to any stock or other form of security issued in the State by the European Coal and Steel Community, the European Atomic Energy Community or the European Investment Bank.

(2) Any stock or other form of security to which this section applies shall be deemed—

(a) to be a security issued under the authority of the Minister for Finance within the meaning of section 466 of the Income Tax Act, 1967 , and

(b) to be a security to which section 63 of the Finance Act, 1969 , applies,

and those sections shall apply and have effect accordingly.

(3) Section 34 of the Finance Act, 1956 , is hereby amended by the addition to subsection (1) of “, or of section 92 of the Finance Act, 1973.”.

(4) Section 474 of the Income Tax Act, 1967 , is hereby amended by the addition to subsection (1) of “or section 92 of the Finance Act, 1973.”.

(5) Any stock or other form of security to which this section applies shall be exempt from death duties in connection with the death of any person dying after the passing of this Act who was not domiciled or ordinarily resident in the State at the time of his death and section 39 of the Finance Act, 1970 , shall apply to any such stock or other form of security.

(6) The First Schedule (as amended by the Finance Act, 1970 ) to the Stamp Act, 1891, is hereby amended by the insertion in paragraph 1 of the Heading “GENERAL EXEMPTIONS FROM ALL STAMP DUTIES” after subparagraph (i) of the following paragraph :

“(ia) transfers of any stock or other form of security to which section 92 of the Finance Act, 1973, applies,”.