Stamp Duty Rates

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, but is based on the greater of either the site value or 25% of the VAT exclusive purchase price:

 

Property Value

Rate

Upto €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

Upto €125,000 Exempt
Next €875,000 7%
Balance 9%

1. When is Stamp Duty payable?


When closing the sale, your solicitor will calculate the exact stamp duty due and you will be required to pay this amount to the Revenue Commissioners. Your solicitor will usually arrange this payment.  Rates of stamp duty for second-hand houses and apartments for first-time buyers


2. 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

Rate of stamp duty

Up to euro 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%
€150,000+  9%

 

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