Stamp duty is a tax on documents and occurs mainly in the documents Stamp Duty Ireland of the transfer of an interest in the property, such as land and buildings, shares, goodwill of one party to the other. Stamp duty also arises in certain insurance policies and some cards and financial instruments.
The rate of stamp duty on transfers of commercial property and business assets is 2%. Stamp duty on homes also rises to 2%. See below for more details on the Stamp Duty Ireland rates of stamp duty on residential property. 1% duty stamp is payable on the transfer of shares of companies incorporated in Ireland. This compares with a rate of 0.5% in the UK and no law in many EH countries .
Although the stamp duty is a tax on transactions is not actually caused by an operation, but is triggered by the documents used for the transaction Stamp Duty Ireland. So if no document is required, the stamp duty should not arise.
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