Stamp Duty
What is Stamp Duty?
Stamp duty is the tax payable to the government for changing the documents that specify who owns a particular property.
How much Stamp Duty will I have to pay?
Stamp duty is based on the type and cost of a property. A property is either a residential property, or a site.
How much Stamp Duty applies to a residential property?
Any amounts paid under the cut off of one million euro are taxed at 1%, amounts paid above this are taxed at 2%.
Property Value Rate
Property Value
Rate
Amounts up to €1,000,000
1%
Amounts over €1,000,000
2%
Stamp Duty on Land and Sites
Property Value
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%
Over €80,000
6%
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.
Transitional Arrangements
If you have entered into a contract before 8 December 2010 and complete the purchase before 1 July 2011, your stamp duty will be calculated at the lower applicable rate, between the new and the old system.
What is Stamp Duty?
Stamp duty is the tax payable to the government for changing the documents that specify who owns a particular property.
How much Stamp Duty will I have to pay?
Stamp duty is based on the type and cost of a property. A property is either a residential property, or a site.
How much Stamp Duty applies to a residential property?
Any amounts paid under the cut off of one million euro are taxed at 1%, amounts paid above this are taxed at 2%.
Property Value Rate
| Property Value | Rate |
| Amounts up to €1,000,000 | 1% |
| Amounts over €1,000,000 | 2% |
Stamp Duty on Land and Sites
| Property Value | 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% |
| Over €80,000 | 6% |
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.
Transitional Arrangements
If you have entered into a contract before 8 December 2010 and complete the purchase before 1 July 2011, your stamp duty will be calculated at the lower applicable rate, between the new and the old system.
