Section 99 Dublin Docklands Development Authority

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Amendments

Section 99 substituted by Finance Act 2001 section 205.

(1) In this section "wholly-owned subsidiary" has the meaning assigned to it by section 9 of the Taxes Consolidation Act, 1997 (as amended by the Finance Act, 2001).

What is a "wholly-owned subsidiary"?

(1) A company is deemed to be a wholly-owned subsidiary of a parent company if the parent owns, directly or indirectly, 100% or more of the first company's ordinary share capital.

(2) Stamp Duty shall not be chargeable on any instrument under which any land, easement, way-leave, water right or any right over or in respect of the land or water is acquired by the Dublin Docklands Development Authority or any of its wholly-owned subsidiaries.

Is the acquisition of land by Dublin Docklands Development Authority subject to stamp duty?

(2) Stamp duty is not chargeable on any instrument which enables the Dublin Docklands Development Authority, or any of its wholly-owned subsidiaries, to acquire any land, way-leave, or water right.