(1) Section 92B of the Principal Act is amended -

(a) by substituting the following for subsection (2):

"(2) The amount of stamp duty chargeable under or by reference to paragraphs (2) to (6) of the Heading 'CONVEYANCE or TRANSFER on sale of any property other than stocks or marketable securities or a policy of insurance or a policy of life insurance' or clauses (ii) to (vi) of paragraph (3) (a) of the Heading 'LEASE', as the case may be, in Schedule 1 on any instrument to which this section applies shall be reduced, where paragraphs (2) to (4) of the first-mentioned Heading or clauses (ii) to (iv) of the said paragraph (3) (a) apply, to nil, and where -

(a) paragraph (5) of the first-mentioned Heading or clause (v) of the said paragraph (3) (a) applies, to an amount equal to one half,

(b) paragraph (6) of the first-mentioned Heading or clause (vi) of the said paragraph (3) (a) applies, to an amount equal to twelvefifteenths,

of the amount which would otherwise have been chargeable but where the calculation results in an amount which is not a multiple of €1 the amount so calculated shall be rounded down to the nearest €.",