Stamp Duties Consolidation Act 1999 section 88A

Reorganisation of undertakings for collective investments

Section 88A exempts from stamp duty transfers of assets between Irish collective investment undertakings where the transfer is made in exchange for units in the receiving undertaking and no chargeable gain arises under section 739A of the Taxes Consolidation Act 1997.

• No stamp duty applies to a transfer of assets from one collective investment undertaking to another.
• The transfer must be made in exchange for the issue of units by the receiving undertaking.
• The exemption applies only where no chargeable gain accrues by virtue of section 739A of the Taxes Consolidation Act 1997.
• The relief facilitates reorganisations and mergers of domestic collective funds without a stamp duty cost.