Central Bank Act 1971
Exemptions from stamp duty.
42.—(1) Section 12 of the Finance Act, 1895, shall not apply to the vesting in the transferee of any property of the transferor by virtue of this Act.
(2) Stamp duty shall not be charged on any agreement made between the transferor and the transferee for the transfer, in whole or in part, to the transferee of the business to which the licence F159[or authorisation] held by the transferor relates.
(3) Stamp duty shall not be charged on any instrument executed in order to supplement the transfers effected or deemed to be effected by sections 34 and 35 of this Act.
Annotations
Amendments:
F159
Inserted (4.06.2014) by Central Bank Act 2014 (9/2014), s. 1(d), commenced on enactment.
F160
Deleted by Finance Act 1999 (2/1999), s. 197 and sch. 6, not commenced as of date of revision.
Modifications (not altering text):
C55
Prospective affecting provision: subs. (1) deleted by Finance Act 1999 (2/1999), s. 197 and sch. 6, not commenced as of date of revision.
42.— (1) F160[…]
C56
References construed (31.03.2014) by European Union (Capital Requirements) Regulations 2014 (S.I. No. 158 of 2014), regs. 152(a); in effect as per reg. 1(2).
152. Notwithstanding Regulation 7(1), the references, however expressed, to the holder of a licence under section 9 of the Act of 1971, in—
(a) sections 19 to 26, section 28, sections 31 to 42 or section 58 of the Act of 1971,
...
shall be construed so as to include any person who, but for the application of Regulation 7(1), was or would have been required to hold a licence under section 9 of the Act of 1971.
Editorial Notes:
E140
Previous affecting provision: references construed (1.01.1993) by European Communities (Licensing and Supervision of Credit Institutions) Regulations 1992 (S.I. No. 395 of 1992), reg. 38(1)(a)(i), in effect as per reg. 1(2); revoked (31.03.2014) by European Union (Capital Requirements) Regulations 2014 (S.I. No. 158 of 2014), reg. 161, in effect as per reg. 1 subject to transitional provisions.