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Stamp Duty Repayments

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  • 20-12-2007 3:35pm
    #1
    LegacyUser
    Registered Users Posts: 166,026 ✭✭✭✭


    I spotted changes in the Budget today in relation to stamp duty replayments.

    "Refunds
    As the new system applies to instruments executed on or after 5 November 2007, a repayment of stamp duty will be made by Revenue where the instrument has been stamped with a greater amount than the stamp duty now chargeable under the new system. The amount of the repayment will be equal to the difference between the stamp duty paid and any lesser amount now chargeable by reference to the new system.”

    What are the "instruments executed". Is this the signing of contracts, or the date that the revenue stamp the deeds?
    B


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    #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Signing of contracts.
    Stamping of the deeds can take place in a lot of cases months later- in some extreme cases over a year after the transaction for all intensive purposes is complete.


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    #3
    LegacyUser
    Registered Users Posts: 166,026 ✭✭✭✭LegacyUser


    Cheers Shane .. was hoping it was the deeds ..


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