Stamp Duties Consolidation Act 1999 section 88E

Transfer of assets within unit trusts

Section 88E exempts from stamp duty any instrument made for the purposes of transferring assets within an investment undertaking.

  • No stamp duty arises on instruments transferring assets within an investment undertaking.
  • "Investment undertaking" takes its meaning from section 739B(1) TCA 1997 and includes authorised unit trusts, UCITS, authorised investment companies and investment limited partnerships.
  • The vehicle must not be an offshore fund for the exemption to apply.
  • The exemption is intended to facilitate internal reorganisations of pooled investment vehicles without an additional stamp duty cost.

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