John agreed to sell land to Mary for €100,000 in 2000. They signed a contract for sale on 4 June 2000. Mary paid over the €100,000 to John. However, no instrument transferring the land was executed. Mary commenced farming the land.
In October 2018, Mary realised that the land had never been transferred to her. An instrument was executed to transfer the land to her. The instrument is called a Deed of Rectification of Legal Title.
Mary believes that this deed is not liable to Stamp Duty. She is the beneficial owner of the land. The sole purpose of the deed was to allow her legal ownership of the land to be registered in the Land Registry. The deed is liable to Stamp Duty because it operates to transfer property on the sale of that property. It does not matter that the sale took place 18 years earlier.