CHAPTER 7

Time limit for repayment of stamp duty, interest on repayment and time limits for enquiries and assessments

Section 159A Time limits for claiming a repayment of stamp duty

This section restricts the repayment of stamp duty to a valid claim (within the meaning given in section 159B (see below)) made within 4 years of the date of stamping of an instrument by the Revenue Commissioners, the date a statement of liability (e.g. in the case of levies and companies capital duty) was delivered to the Revenue Commissioners, the date the young trained farmer becomes the holder of the required educational qualification (see section 81AA(11)) or the date an operator-instruction (i.e. electronic transfer of shares in CREST) under section 69 was made. If there is a shorter time limit in any provision of the stamp duty code (e.g. 3 years in section 29 and 53), that time limit will continue to apply.

The 4 year time limit will not apply to a repayment claim in respect of stamp duty arising on or before 25 March 2003 provided a valid claim is made to the Revenue Commissioners on or before 31 December 2004.

This section came into operation on 31 October 2003 by virtue of S.I. No. 514 of 2003 entitled “Finance Act 2003 (Commencement of Section 142) Order 2003”.

Relevant Date: Finance Act 2014