Stamp Duties Consolidation Act 1999 section 75

Relief for intermediaries

Section 75 provides relief from stamp duty for brokers and dealers who purchase stocks or marketable securities of Irish incorporated companies on behalf of clients.

• An instrument transferring securities to a recognised intermediary or a member firm of an exchange or market is exempt from stamp duty.
• An intermediary is a bona fide dealer in securities (including derivatives); a member firm is a member of the Irish Stock Exchange, the London Stock Exchange, or another Revenue-approved exchange or market.
• The exemption applies only where the transfer is effected on a qualifying exchange or market and is not connected with an excluded business.
• Revenue may approve recognised intermediaries, designate exchanges or markets by regulation, and inspect an intermediary's books and records.