Finance Act, 1992

Exemption from stamp duty of certain instruments relating to foreign immovable property.

209.—Notwithstanding the provisions of section 1 of the Act of 1891 and the provisions of the First Schedule, stamp duty shall not be chargeable on any instrument which is a conveyance, transfer, assignment, lease or licence of any immovable property situated outside the State:

Provided that such instrument does not relate to—

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

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