On 27 October 2026, Irish Revenue issued updated guidance on the stamp duty exemption for transfers of publicly listed shares and securities under Section 81 Finance Act 2009 (as amended by Finance Act 2026). The exemption applies to transfers of shares admitted to trading on a recognized stock exchange (including Euronext Dublin, LSE, and certain EU/EEA exchanges) where the transfer is effected through a qualifying intermediary (investment firm, credit institution, or central securities depository). The update clarifies the definition of “recognized stock exchange,” introduces electronic stamping certification requirements, and addresses the treatment of corporate actions such as stock splits and rights issues.
Key Takeaways
- Expanded Definition of Recognized Stock Exchange: The guidance now explicitly includes EU/EEA regulated markets operating under MiFID II, as well as certain third-country exchanges designated by Ministerial Order. This provides certainty for cross-border portfolio transfers post-Brexit.
- Electronic Stamping Certification Mandatory: Qualifying intermediaries must submit an electronic certification via the Revenue Online Service (ROS) for each exempt transfer, confirming the shares are listed, the intermediary is authorized, and the transfer is not part of a tax avoidance arrangement. Paper stamping certificates are no longer accepted.
- Corporate Actions Treated as Exempt Transfers: Stock splits, bonus issues, rights issues, and mergers involving listed securities are confirmed as exempt when processed through a qualifying intermediary. However, the exemption does not extend to over-the-counter (OTC) transfers of listed shares outside the settlement system.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement