Stamp Duty Explained - Updated for Finance Bill 2012

By The Daft Team

1. What is Stamp Duty?
2. How much Stamp Duty will I have to pay?
3. How much Stamp Duty applies to a residential property?
4. Stamp Duty on Non-residential property
5. When is Stamp Duty payable?
6. Transitional arrangements

This has been updated to reflect the changes made in the 2012 Budget. These changes reduced the rate on non-residential properties from 6% to 2%.

1. What is Stamp Duty?
Stamp duty is the tax payable to the government for changing the documents that specify who owns a particular property.

2. How much Stamp Duty will I have to pay?
Stamp duty is based on the type and cost of a property. A property is either a residential property, or a non-residential property.

3. How much Stamp Duty applies to a residential property?
Any amounts paid under the cut off of one million euro are taxed at 1%, amounts paid above this are taxed at 2%.

4. Stamp Duty on Non-residential property

5. When is Stamp Duty payable?
When closing the sale, your solicitor will calculate the exact stamp duty due and you will be required to pay this amount to the Revenue Commissioners. Your solicitor will usually arrange this payment.

6. Transitional arrangements
If you have entered into a contract before 8 December 2010 and complete the purchase before 1 July 2011, your stamp duty will be calculated at the lower applicable rate, between the new and the old system.

For further information about stamp duty including exemptions and full explanations of all rules please consult http://www.citizensinformation.ie/ and the Revenue Commissioners website www.revenue.ie

Discuss This Article

• Re: Stamp Duty Explained

  Posted By: shay Date: Thursday December 6, 2007 @12:33PM

  do rates differ for residential property investors ?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: phil Date: Sunday May 4, 2008 @03:51PM

  If a person receives a house as a gift or through inheritence and subsequently sell it and buys another are they considered a first time buyer. If you adhere strictly to the definintion of "having built of purchased a home" then technically they are not. Having paid gift or inheritance tax on the first property are they not entitled to be classed as first time buyers?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Thursday November 12, 2009 @08:01PM

  I once owned and sold a leasehold apartment abroad.
  This being my only property purchase.
  Am I a first time buyer in Ireland?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: jackthehat Date: Saturday September 4, 2010 @12:33PM

  A first-time buyer is defined as a person (or where there is more than one buyer, each person):
  
  Who has not on any previous occasion, either individually or jointly, purchased or built on his or her own behalf a house in Ireland or abroad
  
  So, in answer to your question, NO.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Wednesday December 2, 2009 @03:26AM

  If you move to ireland, and its your 1st purchase in Ireland, is it regarded as 1st time purchase?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anne Marie Date: Tuesday February 2, 2010 @11:56AM

  Myself and my sister bought a house .. just wondering i am married and myself and my husband are thinking of buying . If i took my name off the house i bught with my sister do i still have to pay stamp duty? My husband does not own a house .

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: pauline king Date: Thursday November 11, 2010 @10:53AM

  if i owned a house in england and sold it
  on returning to ireland am i a first time buyer here if i buy a house here
  thanks

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: ray francis Date: Sunday June 19, 2011 @01:57PM

  if i bought a house in october 2009 can i claim back stamp duty

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: E Hannon Cobh Date: Thursday December 6, 2007 @03:23PM

  Your table of stamp duty rates is very misleading.
  
  There are only 2 rates of duty 7% and 9%
  7% applies after E125,000 and 9% after E1,000,000
  
  Showing all different rates will be very confusing indeed for potential house buyers and I presume you are coming up with these rates because you are not deducting the first E125,000 which is exempt.
  A far easier method is as explained by the minister for finance in his budget speech.
  First 125,000 exempt
  Balance up to 1,000,000 @ 7%
  Balance over 1,000,000 @ 9%
  
  Regards
  
  E Hannon

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Friday December 7, 2007 @04:07PM

  The table you are referring to is stamp duty on land and sites. The residential stamp duty is explained very clearly in the above article

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Saturday March 29, 2008 @11:32PM

  THANK YOU FOR YOUR EXTREMELY EASY EXPLANATION WELL DONE !

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: salah abudabeeb Date: Friday May 30, 2008 @05:23PM

  if i want to perchete ahouse costing 360000. is the stamp duty 7% calculated from the whole money ie. 360000 or we have to deduct 125000 first

  • Reply to this message

• Re: Stamp Duty

  Posted By: manish sodha Date: Thursday August 28, 2008 @12:19PM

  we had purchased a house in 1995 where at that prevailing time there was no stamp duty on mhada plot. we had directly purchased the house from the builder at the time of booking.we had made an Agreement of rs. 360000/-.now
  today as per the advertisement it is said that all those who have purchased houses in mhada will have to pay the stamp duty. are we liable to pay stamp duty even if we have directly purchased for the first time from the builder directly. if yes than how much do we have to pay.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Vivienne Date: Thursday August 26, 2010 @05:38PM

  Im thinking about buying a newly built dormer bungalow. The Property is priced at
  E 300,000.00 I have a deposit of E100,000.00 what is the stamp duty on this property???

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anthony Date: Friday April 17, 2009 @03:07PM

  I agree, the table above could be much clearer.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: martina Date: Tuesday October 6, 2009 @03:23PM

  I bought and sold my first house, and want to buy a second one do I still pay stamp dute

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Patrick Roche Date: Friday December 7, 2007 @05:16PM

  From what date do these new rates apply?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Friday December 7, 2007 @08:03PM

  Rates apply from December 5th but retrospection will apply to any property transactions that took place in the previous 30 days.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Kevin Kilfeather Date: Sunday December 9, 2007 @07:45PM

  From what EXACT date, with regard to house sales/purchases on in hand, do these new rates of stamp duty apply. In other words, if somebody has calculated their house sale expenses and purchasing another home, does the new rate apply then and there regardless of having paid a deposit or in the middle of a sales or purchase transaction?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Aran Kane Date: Wednesday December 12, 2007 @02:41PM

  i have recently sold my first house. At the moment i am looking at buying a house in the athy area, the house is priced at 290,000. Would anybody be able to tell me the rate of Stamp duty that i would be paying on that property?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Dave Clarke Date: Sunday December 16, 2007 @04:31PM

  As I understand it you deuct 125000 from the asking price of 290000 to give 165000. Then calculate 7% of this as the stamp duty which is 11550. Add this to 290000 to give a final figure of 301550

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: mick Date: Wednesday January 23, 2008 @09:20PM

  just read your mesage im selling my house in athy. its a must see would you like to view it?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: John G Date: Friday December 28, 2007 @02:39PM

  Re status of 'First Time Buyer'.
  
  If a couple buy a house together jointly owned and subsequently split up and dispose of property. Can they now as individuals be regarded as first time buyers if either decides to purchase another property?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Sunday March 16, 2008 @01:36PM

  when did the stamp duty reduce from 5 years to 2 years

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Sunday March 16, 2008 @01:50PM

  I bought my appartment in JUNE 2007 AS OWNER OCCUPIER HOW LONG DO i HAVE TO LIVE IN IT TO BE EXCEMPT FROM CLAWBACK OF STAMP DUTY

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: john Date: Wednesday September 15, 2010 @05:43AM

  i am goining to help my son to buy his house about 200eureo what stamp juty

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Sunday December 30, 2007 @08:35PM

  What stamp duty do i have to pay if i am buying a second hand house worth 470,000 being a home owner already? I would be selling my current home. Do you pay less stamp duty by buying a site and building on it? What stamp duty do you pay if you are inheriting a site and building on it?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Jimmy Date: Monday December 31, 2007 @11:15PM

  I can't understand why first time buyers have to pay stamp
  duty on a site as this is the best way for some of them to get a house.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Tuesday January 15, 2008 @09:25PM

  if my husband is the owner of our house ie my name is not on the deeds and we sell and buy another house for 300,000 and i purchase the house in my name only will i have to pay stamp duty as i would be considered to be a first time buyer?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Mrs McCabe Date: Wednesday January 16, 2008 @11:05PM

  I'm an owner occupier buying a new build, still under construction. However its had a previous owner who never occupied it but now selling it on.
  Does stamp duty apply to me or is it regarded as a new house as it has not been lived in.?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: michael price Date: Wednesday January 23, 2008 @08:58PM

  just reading your mesage on stamp duty we are in a simular situation and are looking for the answer. if you found out any information please could you let me know my email is
  pricemichael78@gmail.com thanks.......

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: breda Date: Monday April 20, 2009 @12:34PM

  Myself and partner purchased a house in June 2006. Both names are on the contract. This was my second house to buy so therefore I was not excempt from S.T. This was the first time my partner purchased a home. We had to pay the full stamp duty €36,000. Should his share of Stamp Duty been excempt.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: linda Date: Monday July 19, 2010 @06:16PM

  hi can anybody tell me how it works if swap your house we want to move back to dublin our house is on sale at the moment for 450,000 and we are thinking of swaping for house of the same price what is the stamp duty,thank you

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Jennifer Date: Sunday January 20, 2008 @07:00PM

  If the floor size of the house is 124.7sq/m( ex Balcony) would i pay stamp duty? Is the balcony taken into account when calculating a size of a house?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Monday January 21, 2008 @02:04PM

  I am told that stamp duty on a new build house is exempt or reduced, but I am confused?
  A house I am interested in is a detached house of about 2500ft²selling for about €800k.
  Q. Is it exempt from stamp duty for an owner occupier? and if not, how is stamp duty assessed?
  Q. If Stamp duty is applied, does the allowence of the first €125k apply

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: bernie Date: Wednesday February 27, 2008 @04:23PM

  i have seperated from my husband . will i have to pay stamp duty on my new home?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Friday January 25, 2008 @09:54AM

  I am Buying a fully furnished show house, is this still counted as a new home ?? ( I am first occupier ) Thx

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Sean Date: Sunday February 10, 2008 @06:05PM

  As long as the house hasnt been purchased by anybody in the past it is considered a new home and no stamp duty will be payable (provided the house is under 125 square meters}

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Monday January 28, 2008 @04:11PM

  do you have to pay stamp Duty on a house which is giving to you?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Friday November 13, 2009 @04:51PM

  Brother and sister each have a site they want to do a swap ,they have already paid stamp duty few years past when they received da site do they pay it again when they do the swap?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Monday February 4, 2008 @08:33PM

  HOW DO THEY NO IF A PERSON FROM OUTSIDE IRELAND IS NOT A FIRST TIME BUYER ?????

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Gretta Date: Wednesday February 6, 2008 @08:56PM

  You have to provide a statuatory declaration to this effect.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Sunday March 16, 2008 @02:51PM

  HOW DO REVENUE KNOW IF A PERSON FROM OUTSIDE IRELANDIS A FIRST TIME BUYER

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: MARY Date: Tuesday November 24, 2009 @02:32PM

  THIS IS A DIFFERENT QUESTION I AM ON MY BROTHERS WILL AS NEXT IN LINE TO GET HIS HOUSE WHEN THE FINAL DAY COME OR IF BEFORE ME HOW WILL THIS BE CONSIDERED FOR MY HUSBAND AS I HAVE 3 OTHER BROTHERS I WOULD LOVE TO KNOW WHERE WE ALL STAND I LOVE MY BROTHER AND HOPE HE LIVES A LONG TIME

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Tia Date: Sunday June 20, 2010 @02:11AM

  They do not unless you declare it. I have know people who have come to Ireland and purchased properties and paid no stamp duty as it was their first property here....but they had property in other EU countries. Like wise I know of people who have come from other EU countries where stamp duty laws are different, and where one party to a marriage may own a property without the other partner having an interest in it Here in Ireland the party who has never purchased before have been told they have to pay stamp duty under Irish Law, when in fact they should have bought the property in one name only, that of the spouse who is the first time buyer, thereby avoiding the requirement for stamp duty. This is happening mostly to married couples as the primary residence also has the status of family home, this is not yet the case with co-habiting couples where both have their rights up held

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• Re: Stamp Duty Explained

  Posted By: Tia Date: Sunday June 20, 2010 @02:11AM

  They do not unless you declare it. I have know people who have come to Ireland and purchased properties and paid no stamp duty as it was their first property here....but they had property in other EU countries. Like wise I know of people who have come from other EU countries where stamp duty laws are different, and where one party to a marriage may own a property without the other partner having an interest in it Here in Ireland the party who has never purchased before have been told they have to pay stamp duty under Irish Law, when in fact they should have bought the property in one name only, that of the spouse who is the first time buyer, thereby avoiding the requirement for stamp duty. This is happening mostly to married couples as the primary residence also has the status of family home, this is not yet the case with co-habiting couples where both have their rights up held

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: john gargan Date: Friday February 15, 2008 @10:33AM

  What is the situation with stamp duty if I have built a house and seperated from my wife.she is residing in the house. Would I be classed as a first time buyer??

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anitra Date: Monday October 13, 2008 @12:41AM

  If you have a legally binding separation agreement, stamped up by both of your solicitors, and you signed a waiver removing your name from the deeds of what was your primary residence, as a separated person, you are then entitled to purchases a property in your own name as a first time buyer, and avail of all the benefits available to first time buyers, as long as you intend to be an owner occupier and use the house as your new main residence.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: tom Date: Sunday January 31, 2010 @01:23PM

  no

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Sunday February 24, 2008 @06:32PM

  I work in Dublin but live in Roscommon. My principal residence is in Roscommon - I am an owner occupier. I work from home a couple of days per week and rent an apartment nearer work so I have somewhere to stay when I am in Dublin. Thi si usually a few night per week. I want to buy an apartment near work for my own use when I'm working in the city. Will I have to pay stamp duty?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Rich Date: Wednesday February 27, 2008 @03:27PM

  My girlfriend owns a house already, we are considering buying a place together (she would sell her existing place)
  
  Can I claim first time buyers stamp duty exemption on my portion of the house?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Friday April 17, 2009 @03:10PM

  Not if you're buying a place together as she is not a first time buyer.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: niall Date: Friday March 7, 2008 @02:47AM

  i was left land (worth 110,000 )can anyone tell me how much i would have to pay??
  if i bought the land for 5,000 would i have to pay anything at all,in an agreement so to speak

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Audrey Date: Tuesday June 17, 2008 @12:26PM

  You would be liable for inheritance tax unless you can prove it was gifted to you. (not liable for any tax up to a value of 254,000) you should really ask your solicitor/local tax office for advice

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Thursday March 31, 2011 @02:12PM

  no

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Monday March 10, 2008 @07:34AM

  I am confused. I plan to buy a house as an owner occupier for 600K. I am not a first time buyer.
  
  Price of house 600k
  
  Price of site on which house is built = 130k
  
  25% of cost of hosue = 150k
  
  (25% of value of house 150k is higher than value of site 130k)
  
  S.D. Exemption 125K
  
  Stamp duty payable on 150k less 125k = 25k @7% or a stamp duty liability of 1.750.00 Euro.
  
  Is this correct

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Wednesday March 12, 2008 @08:02PM

  Two people buying a house, one a first time buyer and the other already has a house. They are getting married.
  What Stamp duty are they liable for and if the Title Deed is kept in the name of the first time buyer does this make a difference

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: D Date: Sunday November 9, 2008 @01:26AM

  Did you get any clarification on it - i.e. can you put the house you intend to purchase in the name of the first time buyer and subsequently get married and thereby not pay tax ??

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Marian Date: Tuesday October 13, 2009 @10:04PM

  I purchased a house in 2005 and was a first time buyer. I have since married and we want to buy a house together. If we buy and register the house in my husbands sole name is he entitled to be classed as a first time buyer and will we have to pay stamp duty.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: A. Farrell Date: Wednesday January 21, 2009 @03:05PM

  I am interested in the answer to this query (House 600k Owner Occupier - Not a first time buyer). Can you advise if the calculation is correct??
  
  Tks

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Sunday April 12, 2009 @12:16PM

  Did you get clarification on this? As I am in same situation and also find it rather confusing as no ones seems to know this part of Stamp Duty.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Thursday July 30, 2009 @02:56PM

  yes

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Sandy Forsyth Date: Wednesday March 12, 2008 @02:36PM

  stamp duty is also applicable on leases exceeding €19046 (I think this is the amount) per annum at a rate of 1% plus €12.50. it would be good to ad this information also.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Wednesday March 12, 2008 @02:38PM

  it's 19050
  Sandy Forsyth

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Wednesday March 12, 2008 @04:36PM

  A couple buying a house to get married
  One is a first time buyer.
  The other is not
  Is the FTB not liable for any Stamp Duty and what is the other party liable to pay

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: danielle_maguire@yahoo.ie Date: Tuesday June 3, 2008 @11:41PM

  I am a first time buyer why do I have to pay stamp duty on a derelict cottage and if i was to put a replacement home later on would I have to pay stamp duty on the build as well.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Sean Date: Thursday June 5, 2008 @08:33PM

  My question is this: I live in the US in a rented apartment. I have never owned a home or apartment before. I am planning to buy a house in Ireland. I could easily provide the statutory declaration that I am a first time buyer. Also, I would never rent out the house. HOWEVER, I would only stay there a few weeks a year, and would continue to live the rest of the year in my rented apartment in the US. Later, when I retire, I would move into the house.
  
  So I am not an investor, but neither would the house be my principal residence. Would I have to pay stamp duty?
  
  By the way, this is a very helpful article, and the comments and responses are very helpful too. Thanks.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Thursday July 17, 2008 @11:17PM

  I believe your ppr (principal private residence) is an election i.e. if you have two houses you say you live in the one you want to be your ppr for whatever purpose (generally avoiding some sort of tax e.g. when selling if you sell your ppr no capital gains tax is payable whereas if you sell the one you have not chosen as your ppr you will pay cgt (capital gains tax).
  
  Therefore, to avoid the stamp duty, if I were you I would claim the Irish property as my ppr and not mention too much else unless asked.
  
  I don't think a rented place qualifies as a ppr. Please anybody correct me if I'm wrong - my knowledge comes from having been a secretary in a UK chartered accountants so best to get this confirmed!

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Sean Date: Sunday February 8, 2009 @12:53AM

  Your principal place of residence is where you domicile, that is where you intend to reside. Since you intend to reside in the rented appartment in the U.S., that would be considered you principal place of residence. If I were you I whould just mention that you "intend to domicile" in the house in Ireland and leave it at that.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Sean Date: Sunday February 8, 2009 @01:08AM

  Your principal place of residence is where you domicile. For you that appears to be in an appartment in the U.S. If I were purchasing a home in Ireland I would say that I never owned a home in the U.S (this may be true even if you purchased a home here in the U.S. because some jurisdictions here follow "title theory" rather than "lien theory" which basically means that in title theory jurisdictions the bank holds title to the property not you-an important point i would say). However, I would not mention that I was going to use the home for retirement in the future because that may quailify as an investment type, rather i would just sign the declaration asserting that i never owned a home and further state that "I intend to domicile in my new home." You see it is what your intent is at the time of purchasing the home that is very inportant.

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• Re: Stamp Duty Explained

  Posted By: inga Date: Thursday June 26, 2008 @11:04PM

  if i bought my first house three years ago and i paid stamp duty can i get it refunded?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Thursday July 10, 2008 @01:20PM

  I am not a first time buyer. I am buying a new house which I have been renting I was the first person to live in it. Do I have to pay the full 7% on the purchase price less the 125,000 exemption?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Saturday July 19, 2008 @09:24PM

  My husband's family is giving us land in oreder to build our house. It is worth 35,000. Do we have to pay stamp duty? can we avoid paying stamp duty if we pay them for the land?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Heather Date: Sunday August 24, 2008 @09:48PM

  If you purchase a car parking space on its own without an apartment how does stamp duty operate? Is it classified as land?

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• Re: Stamp Duty Explained

  Posted By: Audrey Date: Friday January 23, 2009 @06:37PM

  I wonder if anyone could explain somthing for me?
  
  My mum transfered her house into my name befor she died.
  
  I have not yet signed the deed to transfer the house fully into my name
  
  do I have to register the house even though my mum transfered into my name befor she died or can I just apply for probate and sell property as executer. Hopfully elimination of paying stamp duty.
  
  Have a house already!

  • Reply to this message

• Car parking Space

  Posted By: Sean Date: Sunday February 8, 2009 @01:13AM

  Yes, all property is divided into two classifications 1) real property-that is land and just about anything that is attached to it like buildings. 2) the other is chattle or better known as personal property- your cloths, bicycle, furniture and so on. Thereefore, your parking space is land.

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• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Monday February 16, 2009 @12:25PM

  Hello,
  
  Is stamp duty to be paid on the purchase price of the house or the value of a house? e.g If a house was agreed to be bought for 300,000 yet the value was 400,000, what would you have to pay the stamp duty on?
  
  Thanks

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Dee Date: Tuesday February 17, 2009 @04:26PM

  Hi,
  
  Stamp duty is calculated on the puchase price of the house.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Thursday February 19, 2009 @10:54AM

  Thank you Dee.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Stephen M Date: Sunday March 29, 2009 @08:46PM

  Hi,
  
  3 years ago I purchased my first house (second-hand house) with my brother (who already had a house). We had to pay full stamp duty on this property as my brother wasn't a first time buyer. This house is rented out and shall be for the foreseeable future. (Neither I or my brother have ever lived in the house)
  
  I am now hopefully planning to buy a house on my own and live in it. Would I have to pay full stamp duty on this new (second) property or am I classed as a first time buyer?
  
  Thanks,
  
  Stephen

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• Re: Stamp Duty Explained

  Posted By: v Date: Wednesday April 15, 2009 @11:15AM

  when was stamp duty first introduced?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: john Date: Thursday July 23, 2009 @01:04PM

  saving on stamp duty:
  can someone clarify the below for me. i have a house in my name we want to buy a 2nd house under my wifes name.
  As i c it she legally qualifies as a firt time buyer if the house is going to buy is our PPR, <125sqm and <~317,000.
  What if the house we want to buy is >125sqm but below the threshold is she still stamp duty free. (i'v heard that u pay either 4 or 9% on the house cost - 125,000)??
  Also a cheeky question perhaps but how will they know if its our PPR or we rent it out if we dont register
  can someone enlighten me
  Thanks
  J

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• Re: Stamp Duty Explained

  Posted By: E Date: Thursday November 26, 2009 @03:21PM

  Well, you are fine unless they look into it really!
  
  To defend your position if it was looked into you would need proof that it was your PPR (bills in your name, statements going to the house etc).
  
  Then there is the issue of the tax not paid on the rent.
  
  Added to this your tenants could not claim rent relief on their rent as the agencies are talking to each other now, unlike 6 or 7 years ago, at which stage a little red flag goes up and waits to be noticed...
  
  you can always perfectly legally rent the house you are in and move to the new one, assuming you have owned it long enough (and don't mind the capital gains tax when you sell your current house, which will be based on the relative no of years you lived in it vs the years you rented it (even if you only rent through the 10yr negative equity!).
  
  Well anyways, I hope my dark and dismal view of the tax situation isn't upsetting. You can always rent to students or friends and hope for the best, but the penalties, tax clawback and potential tax evasion charges may not be worth it.

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• Re: Stamp Duty Explained

  Posted By: Tatiana Date: Monday July 27, 2009 @12:04PM

  Hello!
  I and my boyfriend are buying a new house. We are both first-time-buyers. I know that FTB are exempt from Stamp duty, but
  What if the house we are interested in is more than 125 square metres? Do we have to pay Stamp Duty?

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• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Wednesday August 5, 2009 @09:16PM

  Hi
  
  as you're a first time buyer you're totally exempt from stamp duty, size doesnt matter

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• Re: Stamp Duty Explained

  Posted By: Confused in Northern Ireland Date: Monday August 17, 2009 @09:50PM

  If I have owned a property in the past in Northern Ireland can I still be considered as a first time buyer in the Republic of Ireland ?

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• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Tuesday October 13, 2009 @05:45PM

  no stamp duty rules apply for properties all over the world

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• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Tuesday August 18, 2009 @10:16PM

  Can anyone clarify the following:
  My brother and I were left a house by an uncle. I want to 'buy out' my brother and use the house as my principle residence ( I have a house already which I plan to sell). The house is valued at €360k; I will pay him €180 for his share. Question is, how much stamp duty will I have to pay - will it be calculated on the value of the property or the amount of money that I pay him for his share?
  Thanks

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• Stamp Duty paid in 02/09. Do i still have to pay this new property tax??

  Posted By: Conor Date: Tuesday September 8, 2009 @11:07PM

  I purchased a 4 bed house in February 2009. I had already used my first times buyers on an apartment with my sister in 01/09. My sister has since bought me out. In February 2009 i paid 19,200 euro's stamp duty. Will i have to pay this new property tax or am i exempt? If i'm not exempt am i entitled to any money back from revenue. I know a few other couples in this position. Any info would be great?

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• Re: Stamp Duty Explained

  Posted By: Doreen Hendley Date: Thursday October 8, 2009 @04:06PM

  hi
  
  I was curious if you could help me. As an Owner Occupier by husband and myself are looking at buying a site for about €125k and buildind a house for about €200k, what amount of stamp duty should we expect to pay?
  
  thanks for your help

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• Re: Stamp Duty Explained

  Posted By: hob Date: Saturday October 10, 2009 @07:28PM

  Anyone any idea what the stamp duty rate is likely to be for a €400,000 house for an investor?

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• Re: Stamp Duty Explained

  Posted By: sharon Date: Monday October 12, 2009 @11:16PM

  i am not a first time buyer. i want to buy a newly built house which is currently being rented out by property owner to tennants. my bank thinks i should not have to pay stamp duty cos price of site house is built on is less than 125000. can anyone tell if this is true as auctioneer is unsure at moment

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• Re: Stamp Duty Explained

  Posted By: michael Date: Monday February 1, 2010 @11:34AM

  yes you would because its the actual property you are buying not just the site
  and its the value of the house your morgage is based on not the site its on.

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• Re: Stamp Duty Explained

  Posted By: SHARON Date: Saturday March 13, 2010 @03:34AM

  THANKS SO MUCH

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• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Sunday December 20, 2009 @05:03PM

  My neighbour and I are thinking of swapping houses.I would like to know if stamp duty will apply in this case.

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• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Monday January 4, 2010 @05:38PM

  I live in the uk and and am buying for the first time in ireland. we will use the house as a holiday home but it will not be let out. Will I have to pay stamp duty

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• Re: Stamp Duty Explained

  Posted By: John Date: Tuesday February 16, 2010 @05:13PM

  I bought a new house over 3 years ago and wish to move out of it and rent it out. Do I still have to pay stamp duty?

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• Re: Stamp Duty Explained

  Posted By: Catherine Date: Wednesday February 17, 2010 @12:47PM

  My hubbie and I got a joint ownership mortgage with Kildare co council. We're hoping to move soon and am just wondering will we have to pay stamp duty

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• Re: Stamp Duty Explained

  Posted By: Esther Date: Wednesday February 17, 2010 @01:43PM

  Hi we are going to buy a holiday home for our own personal use do you know if we have to pay stamp duty as the house is less than 125000 E. It will be our second home and we may rent it out in the future but not for a year or two..Thanks

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• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Wednesday February 24, 2010 @09:15PM

  My father transfered a site to me 15 years ago. No money was exchanged. It was worth about €20K. My father is now deceased and I am offered €65K for the site.
  Have I any capital gains tax or stamp duty to pay ?

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• Re: Stamp Duty Explained

  Posted By: shirley Date: Friday March 5, 2010 @04:43PM

  am very interested if you got a answer?my partner and i was giving land as a gift to my partner from his parents and we got planning to built a house on it...we are FTB so as far as we know we do not have to pay CGT but not sure about the stamp duty of any other taxes??
  
  I know you plan to sell your site but when you plan to do something with the site isnt that when all this taxes arise?

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• Re: Stamp Duty Explained

  Posted By: C Date: Saturday February 27, 2010 @06:50PM

  myself and partner are looking into buying a house, however i previously had a house, she did not. how will stamp duty affect us??

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• Re: Stamp Duty Explained

  Posted By: J. Date: Wednesday March 3, 2010 @11:49PM

  My son who lives abroad but comes to Ireland regularly wants to buy a property here for me to live in. He rents abroad and has never bought any properties anywhere. I have difficulty selling own property here therefore for me to buy this property would mean I would have to pay stamp duty. Would my son be exempt?

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• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Thursday March 4, 2010 @03:59PM

  How long do you have to pay the stamp duty. i believe it is a year from when purchase property. is this correct?

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• Re: Stamp Duty Explained

  Posted By: D Date: Thursday April 1, 2010 @03:13PM

  If you own a site, you don't have to pay stamp duty for building on that site, regardless of whether you are a first time buyer or not.

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• Re: Stamp Duty Explained

  Posted By: Caroline Date: Saturday April 10, 2010 @05:37PM

  Please can someone advise me how you to avoid a higher rate of stamp duty duty if buying two adjoing properties?

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• Stamp Duty on site with holiday home:

  Posted By: Graham Date: Monday April 26, 2010 @12:02PM

  Want to purchase site with chalet (old holiday home). Want to build on it someday in the future. But what stamp duty are we liable for if we purchase this 'site'. Would the bank still offer a mortgage for such a purchase? We don't have the cash to build right now but we wish to take the first step by getting hands on a site.

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• Re: Stamp Duty Explained

  Posted By: ann Date: Sunday May 9, 2010 @10:10PM

  my partner bought house in 99 and availed of the f.t.b.g and now we want to sell and jointly purchase a new house with area over 125sqm so do we have to pay stamp duty?? thanks for advice

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• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Friday May 14, 2010 @06:50PM

  Hi, Can someone advise on the following....I am a first time buyer but my boyfriend is not. We have been advised we do not have to pay stamp duty as the new house (and it is a new house) will be his primary residence. I still have my doubts on this as I am looking at websites and they say he would only be exempt also if the house is under 125 sq m. The house we are looking at is 142 sq m.
  Any advise appreciated.
  thanks

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• Re: Stamp Duty Explained

  Posted By: Max Date: Tuesday May 25, 2010 @12:15AM

  Three members of same family are considering purchasing a house with fifteen acres of land. The total value of the property is 1.2 million euro. All three members are first time buyers. Can someone tells us how much stamp duty is to be paid (if any) and how is this calculated.

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• Stamp Duty Explained liability

  Posted By: S Date: Monday May 31, 2010 @04:46PM

  My partner and I want to purchase a property together. I am a first time buyer. He is not. Is there any way he pay his portion of the stamp duty and leave me exempt? I'm feeling penalised. Just because I'm in a relationship with a second time buyer, this shouldn't affect my first time buyer rights.

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• Re: Stamp Duty Explained

  Posted By: raymond Date: Wednesday July 7, 2010 @10:09AM

  my family home was singed over to me, so now my mother father and my name are on deeds, my mother passed away 2 year ago but my father still lives....is this considerd a first time buy? and will it mean i have to pay stamp duty if i purchase a house

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• Re: Stamp Duty Explained

  Posted By: Hayley Date: Thursday July 15, 2010 @06:24PM

  My boyfriend and i are buying a house we have neither of us bought a house before but my boyfriends parents signed their flat in Poland over to him does this mean we are not first time buyers?

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• Re: Stamp Duty Explained

  Posted By: mary Date: Friday July 23, 2010 @11:57AM

  hi i have just saw a apartment for sale which syas"no stamp duty for owner occupiers" it is 75m2 and its the last one remaining although its been built a couple of years ago does this mean any buyer is excempt from stamp duty

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• Re: Stamp Duty Explained

  Posted By: Christine Date: Monday July 26, 2010 @03:24PM

  I am trying to sell a derelict cottage on o.6 acres for 45k
  Someone is really interested in buying to renovate but he is worried about a property tax on Derelict houses . He would be a first time buyer
  Can someone please advise is there such a thing?

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• Re: Stamp Duty Explained

  Posted By: aoife Date: Wednesday August 4, 2010 @11:51AM

  Hi,
  
  Does anyone know what criteria the Revenue use to decide a house is your primary place of residence? Am thinking of buying a house in the west which I would eventually move to, but in the meantime I would be renting and working in Dublin. I obviously don't want to lose out on my first time buyer status!
  
  I don't intend to rent the purchased huose out, so that would not be an issue.
  
  Any advice would be greatly appreciated!

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• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Monday August 16, 2010 @07:29PM

  an owner occupier purchased a new home Sept 2006, so didn't have to pay stamp duty. if the person sells the same home before a 5 year period, i.e Sept 2011, will the person have to pay any stamp duty?

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• Re: Stamp Duty Explained

  Posted By: Joe Date: Friday August 27, 2010 @02:07PM

  If you had a property abroad in eu and then sold it ...What r u ?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: jim howard Date: Thursday September 2, 2010 @09:20AM

  how much stamp duty do i pay on a bungalow valued at 170.000 euro.

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• Re: Stamp Duty Explained

  Posted By: thomas m Date: Wednesday September 15, 2010 @05:08PM

  my son is giving me 3 acres of land ,zoned residencial
  valued 300,000 euro please what stamp duty will i have to pay,
  please will somebody tell me,
  
  thank you.

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: pat smokie Date: Tuesday September 21, 2010 @08:56PM

  i am purching a house and 30 acresfrom my family brothers and sisters last owner my mom deceased 30 years approx price land 200000 hse 80000 what stamp duty am i liable for i am a sole trader not farming I own 2 properties both rented

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Monday October 11, 2010 @03:21PM

  I am thinking of offering my house in a straight swap for another house. In this case witth no cash involved in the transaction, is either party liable for stamp duty ?

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• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Monday November 8, 2010 @10:02PM

  Does a ruin classify as a dwelling, therefore exempt from stamp duty up to 125k or only if it had planning permission.I'm interested in a site which has a ruin on it, wondering if stamp duty needs to be paid.

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• Re: Stamp Duty Explained

  Posted By: jigar thakkar Date: Friday March 11, 2011 @09:30AM

  Can you explain me how in practical life, stamp duty is calculated??

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• Re: Stamp Duty Explained

  Posted By: Mable Pan Date: Wednesday March 16, 2011 @12:16PM

  My husband and I are considering of selling our unit recently. For example, when we bought the unit, it cost us $400,000 and we paid $20,000 as the stamp duty. Now we're selling the unit for $500,000, so I would like to know how much is the profit of selling the unit, is it $100,000 or $80,000, the stamp duty not included?

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• Re: Stamp Duty Explained

  Posted By: Anne Date: Tuesday March 22, 2011 @07:49PM

  My husband purchased a house in aug 2009 in his sole name he was not a first time buyer, he paid stamp duty of eur9000 we were not married at the time. In June 2010 we got married have we any entitlement to the stamp duty back??

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• Re: Stamp Duty Explained

  Posted By: JOHN Date: Thursday July 14, 2011 @11:18AM

  Could you please tell me how much if any stamp duty is on a bungalow costing £225,000. I have been told different amounts. Some say i do pay it on this amount others say i dont. Could you please let me know how much if any i will have to pay.

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• Re: Stamp Duty Explained

  Posted By: Brian Date: Friday July 15, 2011 @10:55AM

  I am buying a site off my parents at 120000, my girlfriend is also building the house with me. Do I have to pay stamp duty?

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• Re: Stamp Duty Explained

  Posted By: Corinne Date: Saturday July 16, 2011 @05:16PM

  Im considering purchasing a house valued at 120,000.
  I am a first time buyer but the house states stamp duty is 1,200 for ALL purchasers.
  I thought first time buyers were cleared of all stamp duty?
  How is this legal?

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• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Friday August 19, 2011 @10:22AM

  Stamp duty! Ha! Probably when the government changes over documents that specifies who owns a property, some government official does it on a beach somewhere exotic, sipping away on a pina colada for all the money they get for the very difficult task. Bloody robbers!

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• Re: Stamp Duty Explained

  Posted By: baegan Date: Thursday August 25, 2011 @02:58AM

  need some reliaable advice..as conflicting reports on th einternet.
  
  i bought my second home in august 2010 for 190K, 1st home was a joint purchase in 2002.
  
  what if any stamp duty do i owe?

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• Re: Stamp Duty Explained

  Posted By: karl Date: Thursday September 15, 2011 @10:37AM

  I'm about to purchase a new build..iv been on a mortgage before and I was wondering if I'd hav to pay stamp duty on a new build??..

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: mamta Date: Monday October 31, 2011 @07:39AM

  i am about to purchase a old house this bulidings is 9 years old . how calculate stamp duty?

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Wednesday November 16, 2011 @10:50AM

  "payed" does not exist and is incorrect it should be "paid".

  • Reply to this message

• Re: Stamp Duty Explained

  Posted By: Anonymous Poster Date: Saturday November 19, 2011 @11:14AM

  Hello, I, afer the death of my mother, sold a house which she had purchased putting my name on the deeds which, according to the revenue commisioners made me a Purchaser and meant I had to pay stamp duty on the purchase of the new house,which I find appalling as I was in no state to fund in any way the purchase of the first house, as I was unemployed and in College at the time.Cost of second house was 177500 euro and meant I had to give 5% of same, even though I was a first time buyer. This took place in January/February 2004. Have I any recourse to getting some or all of this money back

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• Re: Stamp Duty

  Posted By: Matt Date: Wednesday December 14, 2011 @02:33PM

  I recently received a property from my father
  Is it up to myself to pay the stamp duty directly to the revenue or should my solicitor tell me what I owe and pay it to revenue on my behalf?
  Aslo, what do I have to do regarding registry maps?
  
  Thanks

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