Stamp Duties Consolidation Act 1999 section 87B

Merger of companies

Section 87B provides an exemption from stamp duty for instruments that transfer assets as part of a merger, cross-border merger or SE merger.

• No stamp duty arises on an instrument made to transfer assets pursuant to a qualifying merger.
• Three categories of merger are covered: a domestic merger, a cross-border merger and an SE merger.
• A cross-border merger involves the combining of companies based in different EU States into a single entity.
• An SE merger results in the formation of a European public limited-liability company (Societas Europaea).

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