Finance Act, 1992

Exemption from stamp duty of certain stocks and marketable securities.

206.—Stamp duty shall not be chargeable on any conveyance or transfer of—

(a) units in a collective investment undertaking within the meaning of section 18 of the Finance Act, 1989 , or

(b) units of a unit trust to which subsection (5A) (inserted by section 34 of the Finance Act, 1977 ) of section 31 of the Capital Gains Tax Act, 1975 , relates, or

(c) stocks or marketable securities of a company which is not registered in the State and which are dealt in and quoted on a recognised stock exchange:

Provided that such conveyance or transfer of stocks or marketable securities does not relate to—

(i) any immovable property situated in the State or any right over or interest in such property, or

(ii) any stocks or marketable securities of a company having a register in the State.