Liam Twomey (Wexford, Fine Gael)
Link to this: Individually | In context

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)
Link to this: Individually | In context

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.