PART IV.

Stamp Duties.

15. —Subsection (4) of section 13 of the Finance (No. 2) Act, 1947 , is hereby amended—

(i) by the insertion at the end of paragraph (a) after “or” of “in the case of property which is being acquired for private residential purposes and which does not include land exceeding five acres in extent, there is a recommendation (which shall be an excepted matter for the purposes of section 12 of the Land Act, 1950) of any two Lay Commissioners of the Land Commission to the Revenue Commissioners for their application in relation to the conveyance or transfer, or”; and

(ii) by the deletion of subparagraph (ii) of paragraph (b).

16. —Subsection (4) of section 24 of the Finance Act, 1949 , is hereby amended—

(i) by the insertion at the end of paragraph (a) after “or” of “in a case in which the lessee's interest under the lease is being acquired for private residential purposes and does not include an interest in land exceeding five acres in extent, there is a recommendation (which shall be an excepted matter for the purposes of section 12 of the Land Act, 1950) of any two Lay Commissioners of the Land Commission to the Revenue Commissioners for their application in relation to the lease, or”; and

(ii) by the deletion of subparagraph (ii) of paragraph (b).

17. —(1) Stamp duties shall not be charged on—

(a) admission of any person to the degree of barrister-at-law,

(b) admission of any person as a student of the Society of King's Inns in Dublin, or

(c) articles of clerkship whereby any person becomes bound to serve as a clerk in order to his admission as a solicitor.

(2) This section shall come into operation on such day as the Minister for Finance may by order appoint.

18. —Subsection (2) of section 32 of the Finance Act, 1961 , is hereby amended by the substitution of “eight months” for “four months”.