STAMP DUTY RATES FOR RESIDENTIAL PROPERTY SOLD IN THE REPUBLIC OF IRELAND. The first €125,000 is exempt;
The excess over €125,000 and up to €1,000,000 is charged at 7%;
The excess over €1,000,000 is charged at 9%.
These rates apply to all contracts executed on or after 5 December 2007 and to documents due to be presented for stamping no later than 5 December 2007.
First-time owner occupiers continue to be exempt from stamp duty.
Stamp Duty rates for commercial property sold in the Republic of Ireland:
Stamp Duty is charged at 6%
OWNER OCCUPIER RELIEF
The period for which an owner-occupier must occupy a new home, on which he/she has been exempted from stamp duty as a first time buyer, before they can let the property has been reduced from 5 years to 2 years.
TRANSFER OF SITE TO SON OR DAUGHTER The exempt threshold for the transfer of a site to a son or daughter on or after 5 December 2007 has been raised from €254,000 to €500,000 for stamp duty and CGT purposes.
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