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Visa card stamp duty

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  • 28-04-2008 1:44pm
    #1
    eddie73
    Registered Users Posts: 647 ✭✭✭


    last November I closed my current account and visa account with Ulster bank.

    I had no debts on my card. I got a card statement billing me for stamp duty this April for 30euro. Rang visa and they quoted the government of Ireland act 2005 whereby when you close a credit card account, you are charged stamp duty. that means if I closed my account in Jan 08 i would have been charged the stamp duty for 08 and the stamp duty for closing the account.

    They are having a laugh, right?


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    #2
    unclebill98
    Registered Users Posts: 3,816 ✭✭✭unclebill98


    They are correct.

    Its a bummer alright.


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    #3
    eddie73
    Registered Users Posts: 647 ✭✭✭eddie73


    Astonishing. How do they justify this 'duty' or tax for making a choice in closing an account. Its sending out a very strange message regarding shopping around.


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    #4
    ImDave
    Registered Users Posts: 1,096 ✭✭✭ImDave


    It is hard to see how they justify it, but thats tax for you. Its stated in the Terms & Conditions of the card that you are liable for the duty for the year ahead, as you found out.


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    #5
    Davy
    Registered Users Posts: 19,340 CMod ✭✭✭✭Davy


    eddie73 wrote: »
    last November I closed my current account and visa account with Ulster bank.

    I had no debts on my card. I got a card statement billing me for stamp duty this April for 30euro. Rang visa and they quoted the government of Ireland act 2005 whereby when you close a credit card account, you are charged stamp duty. that means if I closed my account in Jan 08 i would have been charged the stamp duty for 08 and the stamp duty for closing the account.

    They are having a laugh, right?

    You just got the bill now? It is correct as already said, just with other cards i have closed they normally charge at the time of close for the following april


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