Dáil Éireann díospóireacht -
Wednesday, 7 May 1947

Vol. 105 No. 17

Financial Resolutions. - Resolution No. 10—Stamp Duty.

Mr. Aiken

I move:—

That the stamp duties chargeable on conveyances or transfers of stocks or marketable securities under the heading "Conveyance or Transfer on Sale of any property" in the First Schedule to the Stamp Act, 1891, as amended by Sections 73 and 74 of the Finance (1909-10) Act, 1910, and Section 36 of the Finance Act, 1920, shall, on and after the 1st day of August, 1947, be double the duties immediately theretofore chargeable on those conveyances or transfers.

General Mulcahy

Does this mean that if one person transfers shares in companies to another person in the ordinary way, there is an increase of duty?

Mr. Aiken

Yes.

Question put and agreed to.