Section 105 Finance Act 2007 provides for a stamp duty exemption, subject to conditions, on the conveyance, transfer or lease of lands to an approved sports body. An approved sports body is an "approved body of persons" within the meaning of section 235(1) Taxes Consolidation Act 1997.
Section 54 of the Finance Act 2007 made changes to Schedule 15 Taxes Consolidation Act 1997 which lists bodies that are exempt from Capital Gains Tax. Paragraph 37 provides that an approved body (within the meaning of section 235(1)) is exempt from Capital Gains Tax to the extent that the proceeds of the disposal giving rise to the gain or, if greater, the consideration for the disposal under the Act have been or will be applied to the sole purpose of promoting athletic or amateur games or sports. As such, a sporting body can avail of both reliefs if it satisfies the conditions in relation to each provision.