Finance Act 2017 increased the rate of stamp duty on non-residential property located in Ireland from 2% to 6%. It also introduced anti-avoidance provisions to the stamp duty code (s31C SDCA 1999), increasing the rate of stamp duty on certain transfers of shares in companies, units in IREFs and interests in partnerships that derive their value or the greater part of their value from non-residential property located in Ireland to 6%. The rate of stamp duty on non-residential property and interests in companies and other entities deriving their value from non-residential property was subsequently increased to 7.5%. Revenue has recently updated its Stamp Duty Manual to include a section on the application of these anti-avoidance provisions.
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