First Time Buyers - Any Property
First Time Buyers (for owner occupation) are exempt from stamp duty on any new or second hand property.
(First Time Buyers are classified as buyers who have never purchased or built a property anywhere in the world.)
Owner Occupiers - New Properties
Non First Time Buyers (for owner occupation) of new properties under 1,345sq.ft. (125sq.m) pay no stamp duty.
Non First Time Buyers (for owner occupation) of new properties over 1,345sq.ft. (125sq.m) pay stamp duty at the applicable rate on either 1/4 of the purchase price or the site cost (excl. VAT), whichever is greater as per the following rates:
From 8 December 2010 Budget
The following rates of stamp duty apply to all residential property:
|
From 8 December 2010 Budget |
|
| Property Value |
Rate |
| Up to €1,000,000 |
1% |
| Balance |
2% |
Transitional arrangements ensure that anyone who entered into a binding contract to purchase a residential property before 8 December 2010, and who executes the transfer of that property before 1 July 2011, will not lose out.
Non-residential property
Rates of stamp duty on land/housing sites without residential:
|
Property value |
Rate |
| Up to €10,000 |
2% |
| €10,001 - €20,000 |
2% |
| €20,001 - €30,000 |
2% |
| €30,001 - €40,000 |
2% |
| €40,001 - €70,000 |
2% |
| €70,001 - €80,000 |
2% |
| Over €80,000 |
2% |
|
