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Stamp Duty |
Your solicitor will calculate how much stamp duty is due and request this from you before the closing of the sale. The amount is paid to the Revenue Commissioners who place a stamp on the deeds. Without this stamp, the deeds cannot be registered. The deeds name the owner of the property.
STAMP DUTY COSTS
Purchase Price
| 1st Time Buyers
| Full Rate
| €
| Rate of Stamp Duty
| Rate of Stamp Duty
| 0 - €125,000
| exempt | exempt | | €125,000 - €1,000,000 | exempt
| 7% | | over €1,000,000 | exempt | 9%
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OWNER OCCUPIER RELIEF
The period for which an owner-occupier must occupy a new home, on which he/she had been exempted from stamp duty as a first time buyer, before they can let the property has been reduced for 5 years to 2 years.
TRANSFER OF SITE TO SON OR DAUGHTER
The exempt threshold for the transfer of a site to a son or daughter on or after 5 December 2007 has been raised from €254,000 to €500,000 for stamp duty and CGT purposes.
Commercial Property / Land and Sites Stamp Duty Rates
Stamp duty for the purchase of a commercial building, land or a site is based solely on the price and there are no reductions for first-time-buyers or owner-occupiers.
Aggregate Consideration
| Rate of Duty
| Up to €10,000
| exempt
| €10,001 - €20,000
| 1%
| €20,001 - €30,000
| 2%
| €30,001 - €40,000
| 3%
| | €40,001 - €70,000 | 4% | | €70,001 - €80,000 | 5% | | €80,001 - €100,000 | 6%
| | €100,001 - €120,000 | 7%
| | €120,001 - €150,000 | 8%
| | over €150,000 |
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