The basic principle of Stamp Duty is that it is a duty or tax on documents and not on transactions or persons.
Therefore if a transaction or transfer can be carried out legally without the use of a written document, then there is nothing to be stamped and therefore no charge to Stamp Duty.
Stamp duty is also charged, in the form of a levy, on insurance premiums, credit cards, and bank cards.
A transfer of land or buildings is charged:
(a) non-residential property, at 2%,
(b) residential property, at
(i) 1% on the first €1,000,000 of consideration, and at
(ii) 2% on the remainder.
A transfer for less than full value (for example, a gift) is charged on the market value
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