S.L. 123.199 Art. 5Calculation of the tax.

For the purpose of these rules, in the case of a transfer to which these rules apply, the tax on the first four hundred thousand euro (€400,000) of the transfer value shall be calculated at the rate of five percent (5%) and the tax on the remainder of the transfer value shall be calculated at the rate of eight percent (8%) or ten percent (10%) according to the applicable provisions of article 5A of the Act:

Provided that in the case of a transfer of an undivided share of property, the rate of five percent (5%) shall apply only to such portion of four hundred thousand euro (€400,000) as corresponds pro rata to the share that is transferred.