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Finance Act, 1994

Exemption from stamp duty on certain transfers to Irish Stock Exchange.

110.—(1) In this section—

“the Exchange” means a limited company incorporated or to be incorporated in the State to operate as the Irish Stock Exchange;

“International Stock Exchange” means the International Stock Exchange of the United Kingdom and Republic of Ireland Limited and its subsidiaries.

(2) Stamp duty shall not be chargeable on any agreement, transfer, conveyance, assignment or lease whereby any business, assets or liabilities owned by the International Stock Exchange in connection with the carrying on of its business as a stock exchange is or are transferred or agreed to be transferred, in whole or in part, to the Exchange:

Provided that such agreement, transfer, conveyance, assignment or lease arises from or is in consequence of the establishment in the State of a stock exchange as a separate legal entity to the International Stock Exchange.