Finance Act, 1994
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Amendment of section 106 (exemption from stamp duty of certain loan capital and securities) of Finance Act, 1993. |
106.— Section 106 of the Finance Act, 1993 , is hereby amended— | |
(a) by the substitution of the following subsection for subsection (1): | ||
“(1) In this section ‘loan capital’ means any debenture stock, bonds or funded debt, by whatever name known, or any capital raised which is borrowed or has the character of borrowed money, whether in the form of stock or in any other form.”, | ||
(b) by the substitution of the words “on the transfer of loan capital of a company or other body corporate” for the words “on the issue or transfer of” in subsection (2), and | ||
(c) by the addition of the following subsection after subsection (2): | ||
“(3) Stamp duty shall not be chargeable on the issue, whether in bearer form or otherwise, of— | ||
(a) any Government loan within the meaning assigned by section 134 (10) of the Finance Act, 1990 , or | ||
(b) any other loan capital which is not a charge or incumbrance upon property situate in the State.”. |