The Finance (COVID 19 and Miscellaneous Provisions) Act 2021 was enacted on 19 July 2021 giving statutory effect to the 19 May 2021 Financial Resolution which imposed a new stamp duty rate of 10% on the acquisition of certain types of residential units by investors. Introduced as a new Section 31E of the Stamp Duties Consolidation Act 1999, the provision was one of a series of measures introduced by the Irish government to dis-incentivise the bulk buying of residential houses and duplexes in favour of improving the availability for purchase for owner occupiers and the social housing sector.