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Dáil Éireann debate -
Wednesday, 7 May 1941

Vol. 83 No. 1

Financial Resolutions. - Resolution No. 25—Stamp Duty.

I move:—

(1) That every request, receipt, and other document made on or after the 6th day of August, 1941, which is accepted, under Section 42 of the Local Registration of Title (Ireland) Act, 1891, or rules made under that Act, by the registering authority as proof of the satisfaction of a charge or any part of a charge on land or of the release of any part of registered land from a registered charge shall be a release or discharge of a security within the meaning of the Stamp Act, 1891, and shall be chargeable with stamp duty accordingly.

(2) That in this Resolution the expression "registering authority", "registered land", and "registered charge" and the word ‘charge" have the same meanings as they respectively have in the Local Registration of Title (Ireland) Act, 1891.

What is this Resolution about?

The object of the Resolution is to secure uniformity in the rate of stamp duty leviable on all instruments operating as proof of satisfaction or release of charges on registered land. The duty will be 6d. for every £100 and every fraction of £100 of the total amount at any time secured. This change will get rid of an anomaly that has existed for some time.

You are not increasing the duty?

In some cases there may be a slight increase.

Question put and agreed to.