Thursday October 1, 2020

Government to overhaul CFD stamp duty rules

The government will introduce a major overhaul of rules governing stamp duty on the sale of shares and contracts for difference (CFDs) early next year.

9th December, 2006

The new moves come in response to the disruption caused to trading on the Irish Stock Exchange (ISE) earlier this year, when questions were raised over the appropriate tax treatment for CFDs, the controversial bet-like instruments that allow investors to speculate on the future direction of individual share prices without owning the underlying share.

The Department of Finance said last week that the new rules would replace the existing sets of tax reliefs available to...

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