Stamp Duties Consolidation Act 1999 section 83F

Repayment of stamp duty on cost rental dwellings

Section 83F provided for a repayment of stamp duty where a residential unit that had been charged at the higher 10 per cent rate was subsequently designated as a cost rental dwelling under the Affordable Housing Act 2021. Section 83F was repealed by section 68(1)(b) of the Finance Act 2022.

• It applied to instruments executed on or after 20 May 2021 that had been charged stamp duty at the 10 per cent rate on bulk residential acquisitions.
• A repayment arose only where the unit was designated as a cost rental dwelling within six months of the instrument being executed.
• The amount repaid was the difference between the duty actually paid at 10 per cent and the duty that would have applied at the normal residential rate.
• Claims were made electronically by the accountable person within four years of the qualifying date, carried no interest, and were subject to a penalty for false declarations.