(1) Stamp duty shall not be chargeable under or by reference to any heading in Schedule 1 on an instrument for the sale, transfer, lease or other disposition of any property, asset or documentation to the Strategic Banking Corporation of Ireland or to a subsidiary wholly owned by it or a subsidiary wholly owned by any such subsidiary.
(2) For the purposes of subsection (1), whether a subsidiary is wholly owned shall be construed in accordance with section 9(1)(d) of the Taxes Consolidation Act 1997.