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Stamp duty

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  • 10-11-2005 10:38pm
    #1
    7mountpleasant
    Closed Accounts Posts: 299 ✭✭


    I am in the process of buying an apartment in limerick. As I am a first time buyer I will not be paying stamp duty. However I do not envisage myself living in this place for more than 2-3 years and then I think I will let it out. Will I be liable to pay back some of the stamp duty at that time/later date?


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    #2
    v-deniso
    Closed Accounts Posts: 121 ✭✭v-deniso


    I enquired about this with the tax office and their line on this is...

    "You will have to pay the 3% stamp duty on the house as soon as you receive the first rent payment from your tennant."

    Hope this helps.


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