AITI Chartered Tax Adviser

What documents and transactions are liable to stamp duties?

Stamp duty is payable on legal documents known as instruments or deeds, for example, an insurance policy, a gift of property, a lease of property, or a conveyance of property following its sale, i.e., a conveyance on sale. Each deed has a different effect but, in general, if there is no deed, there can be no stamp duty. Stamp duty applies to any instrument, wherever executed, which relates to property situated in the ROI, or any matter or thing done or to be done in the ROI.
The deed must be stamped by Revenue within 30 days of the date of its execution, i.e., the date that it is put into effect.
Insurance products, charge card and credit cards
Stamp duty is also payable in the form of an annual levy, on insurance products, bank charge cards, credit cards and cash cards – they collect the stamp duty by passing their charge to you.
Company capital
Before 7 December 2005, a stamp duty called companies capital duty was payable at 0.5% on capital which was introduced at the formation of, or added as increased capital to, a limited liability company.