S.I. No. 146/1985 -- Imposition of Duties (No. 276) (Stamp Duties on Conveyances and Transfers on Sale of Stocks and Marketable Securities) Order, 1985.
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S.I. No. 146/1985: IMPOSITION OF DUTIES (NO. 276) (STAMP DUTIES ON CONVEYANCES AND TRANSFERS ON SALE OF STOCKS AND MARKETABLE SECURITIES) ORDER, 1985. |
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IMPOSITION OF DUTIES (NO. 276) (STAMP DUTIES ON CONVEYANCES AND TRANSFERS ON SALE OF STOCKS AND MARKETABLE SECURITIES) ORDER, 1985. |
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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: |
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1. This Order may be cited as the Imposition of Duties (No. 276) (Stamp Duties on Conveyances and Transfers on Sale of Stocks and Marketable Securities) Order, 1985. |
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2. This Order shall come into operation on the 23 day of May, 1985, and shall not have effect with respect to any instrument executed before that date. |
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3. Section 83 of the Finance Act, 1974 (No. 27 of 1974), shall cease to have effect and, in lieu thereof, in the case of a conveyance or transfer on sale of any stocks or marketable securities, such stamp duty shall be chargeable as would have been chargeable if that section had not been enacted. |
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4. This Order shall be construed together with the Stamp Act, 1891, and the enactments amending or extending that Act. |
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GIVEN under the Official Seal of the Government, this 23 day of May, 1985. |
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GARRET FITZGERALD, |
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Taoiseach. |
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EXPLANATORY NOTE. |
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This order provides for: |
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the reduction in the rate of stamp duty on transfers of certain securities from 2% to 1%, with the result that all transfers of securities are now chargeable at the 1% rate. |
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This Order comes into operation on 23 May 1985. |
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