S.I. No. 272/1981 - Imposition of Duties (No. 253) (Limit on Stamp Duty in Respect of Certain Transactions Between Bodies Corporate) Order, 1981.

The Government, in exercise of the powers conferred on them by section 1 of the Imposition of Duties Act, 1957 (No. 7 of 1957), and section 22 of the Finance Act, 1962 (No. 15 of 1962), hereby order as follows:

1. This Order may be cited as the Imposition of Duties (No. 253) (Limit on Stamp Duty in respect of Certain Transactions between Bodies Corporate) Order, 1981.

2. Section 19 (inserted by the Finance Act, 1980 (No. 14 of 1980)) of the Finance Act, 1952 (No. 14 of 1952), is hereby amended by the substitution of the following subsection for subsection (1):

“(1) Stamp duty chargeable under or by reference to the heading ‘Conveyance or Transfer on Sale of any property other than stocks or marketable securities’ in the First Schedule to the Stamp Act, 1891, on any instrument to which this section applies shall be charged at the rate of £1 for every £50 or fractional part of £50 of the amount or value of the consideration for the sale, or, in the case of a conveyance or transfer operating as a voluntary disposition inter vivos, of the value of the property conveyed or transferred.”.

3. This Order shall come into operation on the 4th day of August, 1981, and shall not have effect in relation to any instrument executed before such coming into operation.

4. This Order shall be construed together as one with the Stamp Act, 1891, and the enactments amending or extending that Act.


GIVEN under the Official Seal of the Government, this 31st day of July, 1981.




(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This Order amends the relief that is available in stamp duty for transfers of property between certain associated companies. Such transfers will be chargeable at the rate of £1 for every £50 or part of £50 of the value of the property save in the case of transfers of stocks or marketable securities which will be chargeable at the rates appropriate to them, the maximum of which is 2%.

This Order comes into operation on 4 August, 1981.