Revenue eBrief No. 03/16

12 January 2016

Finance Act 2015 - Stamp Duty Provisions

Amendments have been made to the Stamp Duty Manual at Part 7 (Exemptions and Reliefs) and Part 9 (Levies) to reflect changes made by the Finance Act 2015.

• Section 62 extended the list of qualifications for the purposes of young trained farmer relief in section 81AA of the Stamp Duties Consolidation Act 1999 to include the Bachelor of Science (Honours) awarded by the Dundalk Institute of Technology.
• Section 63 extended the relief from stamp duty on transfers of agricultural land (including farm houses and buildings) to young trained farmers until 31 December 2018.
• Section 64 provided for a charge of €0.12 on withdrawals of cash from automated teller machines in the State. The charge, which is capped at the rate of €2.50 in the case of cash cards and combined cards that are only used for cash withdrawals, replaces the old flat rate charge on such cards. Credit unions and An Post are specifically excluded from the charge.