Stamp duty is levied at the
following rates:
| CONSIDERATION |
1st
Time Buyer
to Occupy |
Other
Owner
Occupiers |
Investors
Houses/Apartments |
| Up to €127,000 |
NIL |
NIL |
3% |
| €127,001 -
€190,461 |
NIL |
3% |
3% |
| €190,462 -
€253,948 |
NIL |
4% |
4% |
| €253,949 -
€317,434 |
NIL |
5% |
5% |
| €317,435 -
€380,921 |
NIL |
6% |
6% |
| €380,922 -
€634,869 |
NIL |
7.5% |
7.5% |
| €634,870 + |
NIL |
9% |
9% |
Stamp duty on commercial property
purchase is levied at 9%.
The new rates of stamp duty provide that, on the purchase of residences with a value of less than €1 million, no tax will be payable on the first €125,000 of the consideration, and the balance will be charged at 7 per cent.
On houses valued in excess of €1 million, a further stamp duty will be payable on the excess of the value over €1 million at a rate of 9%. This change will have immediate effect.
|
