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GAZETTE
JUNE 1992
Conveyanc i ng Commi t t ee
A cross section of the Conveyancing Committee in session. L-R: Kieran Murphy, Patrick
Fagan, Maeve Hayes, John Buckley, Owen Binchy (Chairman), Linda Kirwan (Committee
Secretary); Not shown in the photograph: Eric Brunker, Vivienne Bradley, Eugene Cush,
Richard Joyce, Colm Price (Vice-Chairman), BrendanMcDonnell, Rory O'Donnell and
Robert Potter-Cogan.
Amnesty in the case of additional
duty
Where duty is paid on a document
and subsequently it is found that
further duty is payable the amnesty
will apply only if this additional
duty is paid by 1 July, 1992 (in the
case of full waiver) and by 1
October, 1992 (in the case of partial
wavier). This situation is most likely
to arise in the case of stamp duty on
gifts where duty is paid on the basis
of a valuation of property. If the
valuation is not agreed additional
duty will be payable.
Conclusion
The figures in the example
demonstrate how penalties for late
payment of duty can now be very
substantial. Many taxpayers availed
of the delay of 5 months in 1991
between the passing into law of the
penalty provisions and their coming
into force. The amnesty will give
any remaining taxpayers, with a
long-outstanding stamp duty
liability, a once-off opportunity to
settle it without payment of
penalties.
A statement of practice and further
information on the amnesty is
available from Capital Taxes Branch,
Dublin Castle, (01) 6792777 or
Government Buildings, Cork (021)
968783.
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Our function is to deal with your
conveyancing problems. The
combined wisdom of the
Conveyancing Committee is at the
disposal of practitioners where they
are in difficulty either in relation to
conveyancing law or practice.
Practitioners can write to the
Committee for advice. Within reason
members of the Committee deal with
practitioners on a one to one basis
giving them help and advice when
they are in difficulty.
On your behalf we negotiate with
such bodies as the Land Registry.
The Architects Institute, The
Department of the Environment,
The Auctioneer's Associations, the
Construction Industry Federation,
The Department of Justice, Planning
Authorities and other bodies.
As well as this we issue Practice
Notes in the
Gazette
on various
conveyancing matters which the
Committee feels should be brought
to the attention of practitioners.
The Standard Law Society Contract
and their Requisitions always remain
on the agenda. They are updated on a
regular basis by a Sub-Committee.
We meet once a month 6.15 p.m. in
the Council Chamber, in Blackhall
Place.
Owen Binchy
Chairman
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Doy le Court Repo r t e rs
Principal:
Áine O'Farrell
Court and Conference Verbatim Reporting
Specialists in Overnight Transcription
2, Arran Quay, Dublin 7.
Tel: 722833 or 862097
(After Hours)
Fax: 724486
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E%ceClence in ^porting since 1954
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