New Homes
First-time buyers do not have to pay any stamp duty on new homes.
For 2nd time purchasers the following rules apply:
- On a property where the floor area is less than 125 sq. metres (1,345 sq ft) - No stamp duty.
- On a property where the floor area is greater than 125 sq. metres (1,345 sq ft), stamp duty is paid at the applicable rate on either the site cost or ¼ of the purchase price less VAT (whichever is greater).
Investors also pay stamp duty on new homes according to the following table:
|
Property Value
|
Rate
|
|
Up to €125,000
|
Exempt
|
|
Next €875,000
|
7%
|
|
Balance
|
9%
|
Second hand homes
First-time buyers do not have to pay any stamp duty on second hand homes.
2nd time purchasers and Investors pay stamp duty at the following rates:
|
Property Value
|
Rate
|
|
Up to €125,000
|
Exempt
|
|
Next €875,000
|
7%
|
|
Balance
|
9%
|
|
Sites and Land
|
The following are the rates of stamp duty which apply to sites and land
|
Value
|
Rate of Stamp Duty
|
|
up to €10,000
|
0%
|
|
€10,001 to €20,000
|
1%
|
|
€20,001 to €30,000
|
2%
|
|
€30,001 to €40,000
|
3%
|
|
€40,001 to €70,000
|
4%
|
|
€70,001 to €80,000
|
5%
|
|
€80,001 to €100,000
|
6%
|
|
€100,001 to €120,000
|
7%
|
|
€120,001 to €150,000
|
8%
|
|
€151,001 and over
|
9%
|
|
The stamp duty information has been provided only as a guide. Professional advice should be sought in dealing with specific issues and not based on this information.
|
