Stamp Duties Consolidation Act 1999 section 148

Provisions as to determination of a licence

Section 148 sets out what happens to a stamp dealer's remaining stock of stamps when the dealer's licence comes to an end through expiry, revocation, death or bankruptcy, and the circumstances in which Revenue may refund the duty paid on those stamps.

• Applies where a licensed stamp dealer's licence expires or is revoked, or where the dealer dies or becomes bankrupt while holding unused stamps.
• The dealer (or the executor, administrator, receiver, trustee or official assignee in bankruptcy) may return the stamps to a Revenue office within six months of the relevant event.
• Revenue may then repay the duty on the returned stamps, less the proper discount originally allowed on purchase.
• A refund is only made where Revenue is satisfied that the stamps were genuinely held for sale at the relevant date and were obtained from Revenue or from an authorised seller or licensed dealer.