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Stamp Duty

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  • 23-09-2009 9:17am
    #1
    Millie
    Closed Accounts Posts: 565 ✭✭✭


    Just wondering if anyone could enlighten me with regards to stamp duty.
    I maybe in a position to buy a new place after selling my current home.
    As I would be buying for a second time would I be subject to stamp duty irrelevant of the size of the new place?

    Scenario two - I am thinking of buying with my partner (first time buyer) so would this have any relevance either??
    Thanks


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    #2
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    buying with your partner makes no difference as your not an FTB.

    Unless the property you are buying is a new build you will be libel for stamp duty. The amount will depend on the value of the house.

    read more at the below link but ive taken out the important bits for you

    http://www.citizensinformation.ie/categories/housing/owning-a-home/buying-a-home/stamp_duty

    Owner-occupiers of new houses/apartments are exempt from stamp duty, provided that the area of the house or apartment does not exceed 125 sq. metres (1,346 sq. feet) and a Floor Area Compliance Certificate has been issued. The house or apartment must not have been occupied prior to its purchase. It must be occupied as the owner's main place of residence for a period of 5 years from the date of the purchase deed

    Not a first time buyer

    Since 5 December 2007, stamp duty rates on new houses and apartments with a floor area more than 125 square metres and a Floor Area Compliance Certificate:

    Property valueOwner occupier Up to €125,000 Exempt Next €875,000 7% Balance 9%
    Since 5 December 2007, stamp duty rates for second-hand houses and apartments for owner-occupiers (and investors buying new or second-hand houses and apartments):

    Property valueRate Up to €125,000 ExemptNext €875,0007 % Balance 9%
    Rates of stamp duty on land/housing sites without residential buildings:
    Property value
    Rate Up to €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% €100,000 - €120,000 7% €120,001 - €150,000 8% Over €150,000 9%


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