The Irish Revenue has released eBrief No. 142/24 on 21 May, 2024, which provides an updated guidance on the associated companies relief for stamp duty on conveyances and transfers of property between associated corporate bodies.
Revenue eBrief No. 142/24 updates the Stamp Duty Manual, specifically Part 7, Section 79, which outlines the stamp duty exemption for property transfers between associated corporate bodies, known as ‘associated companies’ relief’.
The manual has been revised for clarity and includes new guidance under Section 5.3.1, addressing the treatment of assets in trade mergers that cannot meet the two-year holding requirement, such as trading stock, plant, and equipment.
