Stamp Duty - Farm Consolidation Relief

This e-Brief is being issued as a follow-up to e-Brief 43/2007.

A commencement order in relation to section 104 of the Finance Act 2007 was made by the Minister for Finance on 3 December 2007.

Section 104 of the Finance Act 2007 inserted a new section 81C into the Stamp Duties Consolidation Act 1999 which provides for a relief from stamp duty where a farmer sells lands and purchases lands in order to consolidate his or her holding, where both the sale and purchase occur within 18 months of each other and within the period commencing on 1 July 2007 and ending on 30 June 2009.

Revenue has published a Leaflet SD81C on www.revenue.ie (PDF, 99KB) which outlines the circumstances where the relief can apply and the conditions that must be satisfied before the relief will apply. The leaflet also contains an Application Form which is to be completed where relief is claimed.

The relief applies to instruments executed on or after 1 July 2007 and on or before 30 June 2009. A refund of stamp duty may be claimed where, as a result of the delayed commencement of section 81C, stamp duty has already been paid in respect of an instrument, giving effect to the purchase of land, which comes within the parameters of the relief.