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do you have to pay VAT on a house?

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  • 28-04-2005 2:04am
    #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
    0utshined
    Closed Accounts Posts: 1,746 ✭✭✭0utshined


    No, just the stamp duty.


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    #3
    LoneGunM@n
    Closed Accounts Posts: 1,414 ✭✭✭LoneGunM@n


    If you were quoted a price of €315k for the house & you are buying from a developer, the VAT is included in the price!


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    #4
    grumpytrousers
    Registered Users Posts: 1,884 ✭✭✭grumpytrousers


    Think you do - I mean, VAT is chargable on most items, property included, but like most items tends to be included in the asking price. If you're a business of course, and registered for VAT and the property is bought for the purposes of the Business, you may be able to claim a Credit for it


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    #5
    LoneGunM@n
    Closed Accounts Posts: 1,414 ✭✭✭LoneGunM@n


    If you are thinking of renting the house & want to avoid the VAT, you could register for VAT and claim the VAT back ... the downside to this is that you must then charge & declare VAT on the rent you charge!


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    #6
    lomb
    Registered Users Posts: 6,031 ✭✭✭lomb


    LoneGunM@n wrote:
    If you are thinking of renting the house & want to avoid the VAT, you could register for VAT and claim the VAT back ... the downside to this is that you must then charge & declare VAT on the rent you charge!

    probably better to pay it i would have thought. it gets integrated into the house price anyway. for commercial properties it is different of course.


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