Revenue eBrief No. 122/20
24 June 2020
Stamp duty: associated companies relief
The stamp duty tax and duty manual on associated companies relief (section 79 Stamp Duties Consolidation Act 1999) has been amended to clarify a number of matters in relation to certain conditions for the relief and certain Revenue practices. These matters relate to:
- the retention of property within a corporate group post transfer-
- the type of property that, by its nature, ceases to exist
- the extinguishing of shares in a transferred company following its liquidation
- the application of practices to both transferee and transferor
- the holding of the issued share capital of foreign bodies corporate
- change in ownership of shares in listed companies post transfer
- timing of transfers of property and series of mergers
- liquidations and mergers under foreign law.