87. Amendment of Schedule 1 to Principal Act.
(1) Schedule 1 to the Principal Act is amended -
(a) under the Heading "BILL OF EXCHANGE" by substituting "€0.50" for "€0.30",
(b) by substituting the following for the provisions (other than the exemption for a foreign loan security) under the Heading "CONVEYANCE or TRANSFER on sale of any stocks or marketable securities":
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"(1) Where the amount or value of the consideration for the sale which is attributable to stocks or marketable securities does not exceed €1,000 and the instrument contains a statement certifying that the transaction effected by that instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration which is attributable to stocks or marketable securities exceeds €1,000: for the consideration which is attributable to stocks or marketable securities |
Exempt. |
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(2) Where paragraph (1) does not apply: for the consideration which is attributable to stocks or marketable securities |
1 per cent of the consideration but where the calculation results in an amount which is not a multiple of €1 the amount so calculated shall, if less than €1, be rounded up to €1 and, if more than €1, be rounded down to the nearest €.", |