About Stamp Duty
Stamp Duty is a tax on documents, more commonly referred to as “instruments”. For example it is chargeable on a conveyance sale or transfer on sale, assignment of a lease and a policy of insurance.
This is a self-assessed tax.
For a document to be chargeable to stamp duty it must meet one of 3 conditions:
• It is executed in the State; or
• It relates to property situate in the State; or
• It relates to any matter or thing “done or to be done” in the State.
The accountable person refers to the person responsible for paying the stamp duty e.g. in a conveyance on sale the purchaser is the accountable person.
The main body of legislation governing stamp duties in Ireland is the Stamp Duties Consolidation Act 1999.