asked the Minister for Finance for each of the years 1986, 1987 and 1988, the amount received on foot of the special stamp duty in section 84 loans; and the rate of such duty.
Written Answers. - Section 84 Loans.
24.
I have been informed by the Revenue Commissioners that the following amounts have been collected on foot of the stamp duty on "section 84 loan interest" which is charged by section 94 of the Finance Act, 1986.
|
£m |
|
|
1986 |
5.1 |
|
1987 |
14.4 |
|
1988 (estimate) |
18.6 |
The standard rate is 12 per cent and a special modified rate of 8 per cent applies when the interest received on the loan is less than 6 per cent.