Dáil Éireann Debate, Tuesday - 4 November 2014
295. Deputy Michael McGrath asked the Minister for Finance if he will clarify if stamp duty may be applied to the sale or transfer of loans by Irish regulated financial institutions; and if he will make a statement on the matter. [41364/14]
View answerIt is not possible by reference to the information provided by the Deputy to reply definitively to this query. Stamp Duty is charged on instruments of transfer or conveyance. Whether or not stamp duty arises on the transfer of loans depends on the precise nature of the loans and the means by which they are sold or transferred. Depending on the circumstances, a charge to Irish stamp duty of up to 2% can apply where loans are transferred by means or way of an instrument.
