Stamp Duty for rented accomodation?

lezizi

A friend of mine is trying to rent and apartment in Dublin. The rent is €1600 a month. they want her to pay a months deposit and a months rent in advance fair enough.
They then told her she has to pay €3,957 for stamp duty and administration fees .
Is this right, do u have to pay stamp duty on a rented flat, I have told her to ring Citizens Advice but just wondering what ye think.

RuailleBuaille

That is absolutely crazy and completely untrue. Tell your friend to get as far away as possible. And if you can, report them to the Irish Private Residential Tenancies Board. That is disgraceful.

subway

ItchyInside wrote: »

That is absolutely crazy and completely untrue. Tell your friend to get as far away as possible. And if you can, report them to the Irish Private Residential Tenancies Board. That is disgraceful.

you sure about that?

im not 100% sure myself, but if the annual rent is over 19050 then the renter pays stamp duty.
not sure how much however

edit//
just checked and once over 19050 the stamp duty is 1% of the rent and the tenant is liable

homah_7ft

Subway have you got a link for that?

subway

http://www.revenue.ie/leaflets/sd1e.pdf

dK1NG

subway wrote: »

edit//
just checked and once over 19050 the stamp duty is 1% of the rent and the tenant is liable

the OP is still under that threshold, and even if she was not the figures quoted are totally out of sync with 1%....

EDIT: Not thinking straight, obviously my maths aren't up to scratch! Over the limit, but still the figures quoted are excessive!

homah_7ft

Thanks had just found it myself too

Never knew that.

subway

dK1NG wrote: »

the OP is still under that threshold, and even if she was not the figures quoted are totally out of sync with 1%....

1600 x 12 = 19200 in my book.
1% would be 192euro.

the landlord does seems to be taking the proverbial tho...

homah_7ft

dK1NG wrote: »

the OP is still under that threshold, and even if she was not the figures quoted are totally out of sync with 1%....

No it is over the threshold. Works out at 1587 per month. There is also a service charge included in the figure given by the OP.

So around 3,800 in charges.

Victor

€3,765 in administration fees for €192 in stamp duty seems a bit much.

The landlord is scamming your friend and/or the Revenue.

Tom Young

Residential Tenancies Board .....

Victor

Not really needed. The Stamp Duty is payable by the tenant direct to the Revenue, the landlord doesn't touch it (although most will want to make sure it has been paid). Query the administration fees. If they are the landlord's or agents own fees don't rent and ask for any money back - the alternative is a complaint for breach of contract and/or false advertising, assuming the administration fees weren't advertised.

lezizi

Thanks for the advice, she is stuck on what to do, she really wants the apartment and can't find anything else, but she doesn't want to just hand over her money for no reason.

Maximilian

Sounds very dodgey to me. I'm guessing the landlord is trying to pass on his service charge and other fees. Service charges are a matter for the landlord, not the tenant normally. I would walk away from this.