Residential Property Stamp Duty

Stamp Duty

Simplified System

This is too difficult for a mathematician. It takes a philosopher.

Albert Einstein (on filing for tax returns)

Stamp Duty

Stamp Duty is the Government’s tax on property purchases.

Stamp Duty was greatly simplified in the Budget of December 2010.

Residential Property

Rates of stamp duty on residential property are as follows:

ValuePrecentage
First 1 million1%
Excess over 1 million2%

Non-Residential Property

Non-Residential Property is any property other than residential property, stocks or marketable securities or policies of insurance.

It includes sites, offices, factories, other business premises, shops, public houses, land and goodwill attaching to a business.

Instruments executed on or after 7th December 2011 – 7.4%

For more information about buying a house contact Ethna Ryan on 01 4907651 or email Ethna at [email protected].

Ethna Ryan

Ethna Ryan

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