Stamp Duties Consolidation Act 1999 section 84

Repayment of stamp duty on certain transfers of shares

Section 84 provides for the repayment of the stamp duty paid on the transfer on sale of shares by a participant in an approved profit sharing scheme who has held those shares until the release date.

• Revenue must repay the stamp duty paid on an instrument that transfers shares, by or on behalf of a participant in an approved profit sharing scheme, on or after the release date.
• The relief applies to the duty charged under the "Conveyance or transfer on sale of any stocks or marketable securities" heading in Schedule 1.
• The terms "approved scheme", "participant", "the release date" and "shares" take their meanings from section 509 of the Taxes Consolidation Act 1997.
• Section 84 sets no time limit, but a valid claim must be made within four years of the date the instrument was stamped under section 159A, and interest may be due under section 159B.