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17 1967

FINANCE ACT, 1967

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PART III

Stamp Duties

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Exemption from stamp duty.

20. —(1) In this section “qualified person” has the same meaning as in section 5 of the Land Act, 1965 , and “advance” means an advance under that section.

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(2) Stamp duty shall not be chargeable and shall be deemed never to have been chargeable on an instrument giving effect to the purchase of land by a qualified person, being an instrument either—

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(a) which contains a charge on the land in favour of the Irish Land Commission for repayment of an advance, or

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(b) on which there is endorsed an order made by the Irish Land Commission charging the land with an advance.