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Do you have to pay VAT on a house?

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  • 28-04-2005 2:03am
    #1
    dwayneburke
    Registered Users Posts: 731 ✭✭✭


    maybe an obvious question but if a house is €315000 (stamp duty aside etc) do you have to pay VAT on top that??

    Just to clarify in my mind


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    #2
    MorningStar
    Closed Accounts Posts: 3,031 ✭✭✭MorningStar


    No you don't pay tax on top.


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    #3
    Borzoi
    Registered Users Posts: 2,876 ✭✭✭Borzoi


    MorningStar wrote:
    No you don't pay tax on top.

    VAT is payable on new houses, but the amount is in the sales price, before the advertise it. ie of your €315K purchase price, €37K is VAT (13.5% reduced rate)

    There is no VAT on second hand properties

    If you engage a contractor to build you a new house, they will typically quote you a price +VAT, so in that case you would have to allow the extra 13.5% on top of the builders fee.


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    #4
    Victor
    Registered Users Posts: 78,388 ✭✭✭✭Victor


    More correctly, VAT is payable on improved properties. If for example you buy an existing house, renovate it and extend it substantially and then sell it, there may be a situation where the buyer pays VAT instead of stamp duty.


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