Budget 2014 - Stamp Duty

Bank Levy

An annual levy of €150m is being introduced in relation to the banks and certain other financial institutions for the years 2014 to 2016. Full details will be provided in the Finance (No.2) Bill 2013.

Pension Scheme Levy

Employee pension contributions will continue to qualify for tax relief at the employee’s marginal rate of tax. The 0.6% pension scheme levy introduced to fund the Jobs Initiative in 2011 will be abolished from 31 December 2014. An additional levy on pension funds at 0.15%, to continue to help fund the Jobs Initiative and to make provision for potential State liabilities which may emerge from pre-existing or future pension fund difficulties, will apply to pension fund assets in 2014 and 2015.

Enterprise Securities Market (ESM) Companies

An exemption from stamp duty is being introduced in respect of the transfer of shares in companies which are listed on the Enterprise Securities Market of the Irish Stock Exchange.

Young Trained Farmers

The eligibility requirements for the stamp duty relief for Young Trained Farmers for the purchase of agricultural properties is being extended by adding three more qualifying courses to the list of relevant qualifications required to obtain the relief. Additional information will be provided in the Finance (No.2) Bill 2013.