Irish Times gets it wrong on share transfers?

Hi Clubman

The legislation is in fact gobbledygook! :confused:
I have just got used to reading it over the years since I done my tax exams

I will try and explain this as best I can:
The schedule 1 to the ACT has different what are called headings unfortunately none of them are numbered so you have to be very carefull

In alpha order a para is headed up
CONVEYANCE or TRANSFER on sale of any property other than stocks or marketable securities or a policy of insurance or a policy of life insurance.
Under this charge are different paras the last gives consanguinity relief. The first give the rates that apply etc...

Another one of the headings is called
CONVEYANCE or TRANSFER on sale of any
stocks or marketable securities

This has it own heading as it has different rates etc... it does not specifically mention consanguinity releif so therefore it is not available

Hope this explains things better
 
Well if Bazermc is correct then my brother in law may well have benefitted from a mistake by the Revenue.

I must see if I still have the records of the transaction to see the date and to double check that 0.5% was applied
 
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