Stamp Duty Ireland
Blanchardstown, Castleknock, Dublin City Centre
Stamp Duty in Ireland- What It Is and How It Works
What is Stamp Duty?
Stamp duty is a tax levied by the Irish government on the transfer of ownership of property or land. Whether you’re purchasing a residential or commercial property, stamp duty is a significant aspect of the overall cost of acquiring property in Ireland. It is based on the property’s market value or purchase price, whichever is higher, and is paid by the purchaser.
Stamp Duty Ireland – A Breakdown
With effect from 8 December 2010 new lower rates of Stamp Duty Ireland apply as follows:
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The transitional arrangements only apply to contracts executed before 8 December 2010. Under the new provisions, all property purchasers are liable for Stamp Duty in Ireland.
For example, based on a purchase price of €380,000, we estimate your duty as €3,800.
The same rates now apply to new and second-hand properties, first-time buyers, owner-occupiers, and investors.
We strongly recommend that you make your own independent enquiries by contacting the advisory staff of the Revenue Commissioners (01-6792777) Dublin Castle Stamp Duty Section, concerning the Rates of Stamp Duty Ireland applicable (if any) to your particular transaction.
The Law in this area is in constant flux due to the intervention of successive Budgetary Provisions.
For further information and guidance on the Stamp Duty in Ireland, contact our property solicitors in our Blanchardstown office on 01-8272888 or use the quick enquiry form here and we will get back to you.
PROPERTY LAW / CONVEYANCING
Please look to our conveyancing practice areas to find the solution for your particular need.
Buying a New Property >
Buying a Secondhand Property >
Selling & Buying at Same Time >
Stamp Duty Ireland Frequently Asked Questions FAQs
What are the current stamp duty rates in Ireland?
As of December 8th, 2010, a two-tiered stamp duty system applies in Ireland:
- 1% on the first €1,000,000 of the property’s purchase price.
- 2% on any amount exceeding €1,000,000.
Who is liable to pay stamp duty in Ireland?
Under the existing legislation, all property purchasers in Ireland are required to pay stamp duty, whether of:
- Property type (new or second-hand)
- Buyer status (first-time buyer, owner-occupier, investor)
How much stamp duty would I pay on a property purchase?
The exact amount depends & varies on the purchase price of the property. For instance, with a €380,000 purchase price, the estimated stamp duty would be €3,800 (based on the 1% rate applied to the entire amount).
Are there any resources to help me calculate my stamp duty liability?
While the information above provides a general overview, it’s recommended to contact the Revenue Commissioners directly for the most up-to-date rates and guidance specific to your situation. You can reach their Dublin Castle Stamp Duty Section at (01-6792777).
Why is it important to consult a solicitor about stamp duty in Ireland?
Stamp duty regulations can be complex and subject to change. Consulting a solicitor experienced in Irish property law can ensure you understand your specific obligations and any potential implications for your transaction.
Your Expert Conveyancing Claims Legal Team in Blanchardstown
At Carmody Moran Solicitors in Blanchardstown our experienced property solicitors are on hand to advise and skilled in handling all nature of conveyancing and Stamp Duty in Ireland.
The two partners of Carmody Moran Solicitors in Blanchardstown have a combined total of in excess of twenty-five years of professional legal experience. Together with their associates they aim to make the Court process as straightforward and navigable as possible while being on hand to alleviate their clients concerns and worries about going through the Court process.
Anthony Carmody
Anthony Carmody is one of the founding Partners of Carmody Moran Solicitors.
He has significant experience in personal injury cases and general litigation having handled literally thousands of cases on behalf of clients based in Ireland and abroad.
Niamh Moran
Partner
Niamh Moran is one of the founding partners of Carmody Moran Solicitors and is a solicitor with wide ranging experience across all areas of general practice.
Niamh manages the family law, conveyancing in Dublin, and probate divisions of the practice. Niamh’s practice of law is extremely varied and she is regularly sought out for her expertise by clients and colleagues alike.
*While we have made every effort to provide accurate information, the law is always changing and it affects each person differently. This information is not a substitute for specific advice about you personally and it is not intended as legal advice. We will not be liable to you if you rely on this information. In contentious business, a solicitor may not calculate fees or other charges as a percentage or proportion of any award or settlement. This statement is made in compliance with Reg.8 of SI 518 of 2002.
You should note that no solicitor/client relationship or duty of care or liability of any nature shall exist or be deemed to exist between Carmody Moran Solicitors and you until you have received a written letter of engagement from us in which we confirm our appointment as your Solicitors.
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