S.L. 123.58 Art. 3Exemptions.

Upon a transfer to which this Order applies -

(a) if the use of the dwelling house by the occupier or occupiers up to the date of the transfer is deemed to constitute a benefit by reason of an employment or office in terms of article 4(1)(b) of the Income Tax Act, no tax shall be chargeable under that Act on the S.L.123.58 HOUSES BY COMMERCIAL PARTNERSHIPS EXEMPTION

value of the said benefit;

(b) if the transfer constitutes a benefit by reason of an employment or office in terms of the said article 4(1)(b) of the Income Tax Act, no tax shall be chargeable under that Act, on the value of the said benefit;

(c) no gain shall be deemed to arise from the said transfer for the purposes of article 5 of the Income Tax Act;

(d) no duty shall be chargeable in terms of article 32 of the Duty on Documents and Transfers Act in excess of €2.50 for every €100 or part thereof of the deemed transfer value determined in accordance with article 4(a).