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Is there stamp duty

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  • 26-11-2018 1:16am
    #1
    masterboy123
    Registered Users Posts: 5,773 ✭✭✭


    I wonder if there is 1% stamp duty in new houses? Do builders usually publish cost including Vat?


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    #2
    Mike3549
    Registered Users Posts: 985 ✭✭✭Mike3549


    You get a price which includes vat. You pay stamp duty to your solicitor on the price before vat.
    Eg purchase price 454k, which is 400k + vat @13.5% you pay stamp duty on 400k which is €4k.


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    #3
    q85dw7osi4lebg
    Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    Mike3549 wrote: »
    You get a price which includes vat. You pay stamp duty to your solicitor on the price before vat. Its 1% if you are a first time buyer and 2% if not.
    Eg purchase price 454k, which is 400k + vat @13.5% you pay stamp duty on 400k which is €4k if 1% or 8k if 2%

    It's 1% across the board whether a first time or second time buyer.


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    #4
    L1011
    Registered Users Posts: 68,792 ✭✭✭✭L1011


    Juelz Flaky Linebacker wrote: »
    It's 1% across the board whether a first time or second time buyer.

    Up to a million, 2% over that - not many FTBs in that market though.


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    #5
    Mike3549
    Registered Users Posts: 985 ✭✭✭Mike3549


    Juelz Flaky Linebacker wrote: »
    It's 1% across the board whether a first time or second time buyer.

    You are right, my brain still lives in 2015


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    #6
    masterboy123
    Registered Users Posts: 5,773 ✭✭✭masterboy123


    So the price is 287,000 and Its a new build.

    Do I pay 2870 on stamp duty? Or this stamp duty is included in selling price?

    Sorry to bother you all.


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    #7
    Askthe EA
    Registered Users Posts: 724 ✭✭✭Askthe EA


    masterboy123 wrote: »
    So the price is 287,000 and Its a new build.

    Do I pay 2870 on stamp duty? Or this stamp duty is included in selling price?

    Sorry to bother you all.

    No you pay stamp on the VAT exclusive price.

    So at €287,000 the Vat exclusive prices is €252,863.43 thus your stamp duty is €2,528.63


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    #8
    masterboy123
    Registered Users Posts: 5,773 ✭✭✭masterboy123


    Thank you so much. I got the gist of it now.

    Askthe EA wrote: »
    No you pay stamp on the VAT exclusive price.

    So at €287,000 the Vat exclusive prices is €252,863.43 thus your stamp duty is €2,528.63


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