Stamp Duties Consolidation Act 1999 section 98

Foreign immovable property

Section 98 exempts from stamp duty instruments relating to immovable property situated outside the State, subject to two important exceptions.

• No stamp duty arises on a conveyance, transfer, assignment, lease or licence of immovable property situated outside Ireland.
• The exemption is lost where the instrument also relates to Irish immovable property, or any right or interest over such property.
• The exemption is also lost where the instrument relates to stocks or marketable securities of an Irish-registered company.
• Units in an investment undertaking within the meaning of section 739B of the Taxes Consolidation Act 1997 are carved out of the second exception, so an instrument relating to such units does not lose the foreign property exemption on that ground.