Stamp Duties Consolidation Act, 1999
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Temple Bar Properties Limited. [FA1992 s216(1) to (3)] |
100.—(1) Stamp duty shall not be chargeable on any instrument under which any land, or any interest in land, easement, way-leave, water right or any other right is acquired in the Temple Bar area, that is, “the area” as described in the First Schedule in the Temple Bar Area Renewal and Development Act, 1991 , by Temple Bar Properties Limited, or any subsidiary of Temple Bar Properties Limited. | |
(2) For the purposes of subsection (1), a company shall be deemed to be a subsidiary of Temple Bar Properties Limited if— | ||
(a) Temple Bar Properties Limited— | ||
(i) is a member of the company and controls the composition of at least half of the company's board of directors, | ||
(ii) holds at least half in nominal value of the company's equity share capital, or | ||
(iii) holds at least half in nominal value of the company's shares carrying voting rights (other than voting rights which arise only in specified circumstances), | ||
or | ||
(b) the company is a subsidiary of any company which is a subsidiary of Temple Bar Properties Limited. |