Section 90 Certain financial services instruments

This section exempts a range of instruments from stamp duty - the instruments concerned are used primarily in the financial services industry. The exemption will not apply if the instruments concerned (except in the case of American depositary receipts, as defined) relate to Irish immovable property or to the stocks or marketable securities of an Irish-incorporated company (other than an investment undertaking as defined in section 739B of the Taxes Consolidation Act 1997 or a qualifying company within the meaning of section 110 of the Taxes Consolidation Act 1997).

Although an instrument may be exempt under this section in respect of a particular transaction carried out by it, it may still be liable if it also carries out another transaction. The charge in this case would apply only in respect of that other transaction under the head of charge appropriate to it.

Relevant Date: Finance Act 2014