Finance Act, 1992
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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. |