|Consanguinity relief applies a rate of stamp duty equal to ½ the normal rate of ad valorem stamp duty on certain conveyances or transfers on sale of non-residential land between certain closely related persons. The relief was due to expire on 31 December 2014. The Minister announced that the relief is being extended for a further three years to apply to transfers or conveyances executed prior to 1 January 2018. The relief will be confined to a conveyance or transfer of land by a person who is less than 66 years of age. The transferee must be a farmer who will, from the date of the transfer or conveyance, spend not less than 50 per cent of his or her normal working time farming with a view to the realisation of profits from the land.|
|Relief on leasing of certain lands|
|Relief from stamp duties is being provided in relation to a lease of land for a term not less than 5 years and not exceeding 35 years where the land is used exclusively for farming carried on by the lessee on a commercial basis and with a view to the realisation of profits. The lessee must, from the date on which the lease is executed, farm the land for not less than 50 per cent of his or her normal working time. The relief will be recoverable by assessment if any of the conditions governing the relief (other than as a result of the death or permanent incapacity of the lessee) cease to be complied with within the first 5 years of the lease.|
|Non Residential Property (From 7th Dec 2011)|
|All forms of property (other than stocks and shares and residential property) such as land, buildings, goodwill, book debts, cash on deposit and benefits of contracts, attract stamp duty at the rates set out below.|
|Consideration||Rate of Duty|
|Residential Property (From 8th Dec 2010)|
|A new lower rate of 1% will apply to instruments where the consideration attributable to residential property does not exceed €1,000,000. A higher rate of 2% will apply to the excess of the consideration over €1,000,000. In conjunction with the introduction of the lower rate of 1%, which will apply to the entire amount of the consideration up to €1,000,000.|
|Consideration||Rate of Duty|
|Excess over €1,000,000||2%|
|A lease is chargeable to stamp duty on both the premium (or fine) and the rent payable under the lease.The duty chargeable on the premium is at the rate for residential or non-residential property as appropriate.|
|Residential and Non-Residential Property
|Lease for a term not exceeding 35 years or for any indefinite term||1% of the average annual rent|
|Lease for a term exceeding 35 years but not exceeding 100 years||6% of the average annual rent|
|Lease for a term exceeding 100 years||12% of the average annual rent|
|A lease of a house or apartment for a term not exceeding 35 years or for any indefinite term and where the rent does not exceed €30,000 per annum is exempt from stamp duty.|
|Bills of Exchange (Incl Cheques)||€0.50|
|Non-Life Insurance Levy (of gross premiums)||3%|
|Credit Card & Charge Cards||€30.00 p.a.|
|ATM Cards||€2.50 p.a.|
|Laser Cards||€2.50 p.a.|
|Combined ATM/Laser Cards||€5.00 p.a.|
Consanguinity relief, which applies to transfers of non-residential property to certain relatives, is due to expire on 31 December 2014. This relief, which halves the applicable rate of Stamp Duty, will be extended for a period of three years in certain circumstances where the transferor is 65 years or under and the transferee is an active farmer.
|Stamp Duty on Agricultural Leases
Agricultural leases between 5 and 35 years in duration to active farmers will be exempt from Stamp Duty.
|Enterprise Securities Market (ESM) Companies
An exemption from stamp duty is being introduced in respect of the transfer of shares in companies which are listed on the Enterprise Securities Market of the Irish Stock Exchange.
|Young Trained Farmers
The eligibility requirements for the stamp duty relief for Young Trained Farmers for the purchase of agricultural properties is being extended by adding three more qualifying courses to the list of relevant qualifications required to obtain the relief.
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