Stamp Duties Consolidation Act 1999 section 111

Oireachtas funds

Section 111 exempts an instrument from stamp duty where the duty would otherwise be paid solely out of moneys provided by the Oireachtas.

• Stamp duty is not chargeable on an instrument if the duty would be payable solely from Oireachtas-voted moneys.
• The exemption avoids the circularity of the State paying duty to itself out of public funds.
• Where a body is funded partly from the Oireachtas and partly from other sources, the exemption still applies provided the duty in question would be met solely from Oireachtas moneys.
• The test focuses on the source of the duty payment, not the overall funding mix of the body executing the instrument.