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Stamp duty clawback

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  • 27-08-2004 4:59pm
    #1
    loyatemu
    Registered Users Posts: 14,918 ✭✭✭✭


    anyone who has bought a house from new and subsequently sold it may be able to answer my question

    if you sell a new house less than 5 years after moving in, do you have to pay back some of the stamp duty you were exempted from when you bought the place? I've been in my house for 2 years now and am thinking of moving - I had assumed I would have to pay back 60% of the exempted stamp duty (for the 3 out of 5 years I won't be there) but having looked at myhome.ie and oasis.gov.ie they suggest this only applies if you rent the house out during the first 5 years

    anyone know?


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    #2
    jd
    Registered Users Posts: 5,698 ✭✭✭jd


    loyatemu wrote:
    if you sell a new house less than 5 years after moving in, do you have to pay back some of the stamp duty you were exempted from when you bought the place? anyone know?

    Are you trading up?


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    #3
    Victor
    Registered Users Posts: 78,387 ✭✭✭✭Victor


    I'm lost here. What is the basis of the exemption?


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    #4
    silverside
    Registered Users Posts: 1,372 ✭✭✭silverside


    no. you got exemption when you bought the first house on the basis of being a first time buyer (I presume). If you sell it on, you don't pay backdated stamp duty on the original purchase.

    You would have to pay stamp duty if you *rent out* the house within 5 years of purchase.


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