Written answers
Wednesday, 15 June 2011
Department of Finance
Tax Code
10:00 pm
Liam Twomey (Wexford, Fine Gael)
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Question 143: To ask the Minister for Finance the way persons who inherit land but are unable to pay their stamp duty may have the deeds stamped; and if he will make a statement on the matter. [15433/11]
Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that a person who inherits land does not incur a stamp duty liability. However, a stamp duty liability would arise where a person receives a gift of land, in which case the stamp duty is chargeable on the deed of transfer of the lands. As stamp duty is a tax on instruments, it is not possible to stamp a deed of transfer without payment of the duty.
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