Stamp Duty
What type of home are you buying – how much Stamp Duty applies to you?
New Homes
First-time buyers do not have to pay any stamp duty on new homes.
For Owner occupiers the following rules apply:
- On a property where the floor area is less than 125 sq. metres - No stamp duty
- On a property where the floor area is greater than 125 sq. metres, stamp duty is payable at the following rates:
| Property Value | Rate |
| Up to €125,000 |
Exempt |
| Next €875,000 |
7% |
| Balance | 9% |
Investors also pay stamp duty on new homes according to the above table
Second hand homes
First-time buyers do not have to pay any stamp duty on second hand homes.
Owner occupiers and Investors pay stamp duty at the following rates:
| Property Value | Rate |
| Up to €125,000 |
Exempt |
| Next €875,000 |
7% |
| Balance | 9% |
Stamp Duty on Land and Sites
Stamp duty for the purchase of land & sites is based solely on the price and there are no reductions for first-time-buyers or owner-occupiers.
It is calculated as follows:
| Price of Property: | Stamp Duty Rate |
| Up to €10,000 |
0% |
| €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% |
| €150,000+ |
9% |
Clawback of Stamp Duty
The exemption from stamp duty for first-time house buyers and buyers of certain new homes is currently clawed back if the purchaser rents out the home within 5 years of date of purchase. This clawback period is being reduced to 2 years for all deeds of transfer executed on or after 5 January 2007.
For deeds of transfer executed before 5 December 2007, if that house or apartment is rented out on or after 5 December 2007, it will not involve a claw-back of relief where this happens in the third, fourth or fifth year of ownership.
“All information contained herein is for guidance purposes only. Legal advice should be sought for all matters relating to tax and stamp duty liabilities”
