If you have paid VAT on your home, you simply pay the stamp on the price of the house before adding VAT. For example, if you paid 454,000 euros (including VAT) for your new home, this consists of the basic price of 400,000 euros plus 13.5% VAT (54,000 euros) and you only pay tax on stamps on the base price of 400,000 euros. For more information, see our VAT document. While the above transactions are generally exempt from stamp duty, the exemption does not apply when another person participates in the act. Until December 8, 2010, first-time buyers who owned new and used real estate did not pay stamp duty. As a divorced or separated person, you may be considered a first-time buyer if you meet certain conditions. Stamp duty is calculated as follows: 1% (housing) of €100.00.00 (site value) – €100,00.00 Construction cost (with 113,500.00 euros less VAT). 13.5 per cent – 2,000.00 – Generally The following transactions are exempt from stamp duty: The Stamp Duty Residential Development Refund Scheme allows you to refund a portion of the stamp duty you paid for non-residential land when you then develop the land for residential purposes. In the 2021 budget, it was announced that the scheme would be extended until 31 December 2021 and the time between the start and completion of a qualified project will be extended by 6 months to 2 years and 6 months. Prior to December 8, 2010, the amount of stamp duty payable varied depending on the value of the property and your status (e.g. B, first-time buyer or investor). Stamp duty was divided into different categories and rates, and the amount you had to pay depended on your particular circumstances. Stamp duty applies to residential property such as houses, dwellings or land with a building permit.
It is also payable on non-residential property, i.e. land or residences without residential buildings – see prices below. Your lawyer will calculate the amount of stamp duty and ask him to do so before the sale closes. The amount is paid to the tax commissioners who stamp the property authorization. Without this stamp, the facts cannot be recorded. This relief applies to farmers who buy and sell farmland to consolidate their farms and improve the viability of their farms. It provides for a stamp duty rate of 1% for these transactions. This discharge was due to expire on 31 December 2020, but was extended by two years in the 2021 budget until 31 December 2022. If you buy land in conjunction with (or as part) of an agreement to build a house or apartment on it, then stamp duty at the housing rate will be calculated on the total amount of the cost of the land and construction costs There is information (pdf) on revenue.ie on how large gardens, car parks and marina berths are treated for stamp purposes.
Learn more about revenue.ie stamp duty on real estate in general. If you purchase your home as part of the municipal tenant purchase program, a maximum of €100 will be stamped. People who rent new or used homes or apartments are considered investors. Under the rules in effect until December 8, 2010, stamp duty rates are the same for investors as for unselected owners. In the 2020 budget, stamp duty (payable by the taker) also increased from 6% to 7.5%. The rate of stamp duty on the rental component of a lease does not change. A simplified stamp duty system was introduced on December 8, 2010, see rates below. Prior to that date, there was a complex system of exemptions and exemptions for stamp duty on housing. These earlier provisions are summarized in the additional information below.