Country Profile: Ireland

Financial Transactions Tax (FTT): Yes – tax in place

A transfer of stock or marketable securities of any company incorporated in Ireland is liable to a stamp duty at 1% of the consideration paid. In practice, this means that the duty mainly applies to transfers of shares in Irish companies and derivative financial instruments that relate to shares in Irish companies. If an electronic transfer takes place through the CREST system a 1% charge arises as well. The liability for the payment of the tax belongs to the purchaser/transferee. The following are exempt from stamp duty, the transfer of shares valued under €1,000, the transfer from one company to another as part of a corporate reconstruction or amalgamation, securities issued by the government or the EU, the issuance, transfer, repurchase or redemption of units of a collective investment undertaking, and transfer of shares in Irish companies admitted to the Enterprise Securities Market (ESM) of the Irish Stock Exchange.

Source: Centre for Economic and Policy Research