The new article 5 of the Order provides that in the case of a transfer inter vivos of immovable property or any real right over such property made on or after the 9th June 2020 but before the 1st April 2021, the duty otherwise chargeable in terms of the Duty on Documents and Transfers Act on the first €400,000 of the amount or value of the consideration for the transfer shall be chargeable at the rate of 1.5%.
The new article 5 sets out the conditions which apply, including that:
Notice of the final deed of transfer is given to the Commissioner for Revenue by not later than the 30th April 2021; The purchaser does not require an AIP permit;and
No relief is claimed under article 32C of the Duty on Documents and Transfers Act on the transfer.
The provisions of article 5 entered into force on 9 June 2020.