Site Updated:  9/3/10

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Stamp duty is a Government tax payable when you buy a property and is based on the value of the property. It also takes into account whether the property is for use as an investment or whether it will be used as an owner-occupier residence. The money paid to the Government is to ensure that your deeds are stamped, without it your deeds can't be registered.

*Only the amount in excess of €1million will be liable to 9% stamp duty
Notes:

• A first time buyer is someone who has never previously either built or purchased a home.
• For non first-time buyers and owner-occupiers, no stamp duty is due if the property is new and does not exceed 125 square metres. They must be the first people to occupy the property and they are required to live there for a period of two years under the new claw-back amendments announced December 5th, 2007. However if the property does exceed 125 square metres, there are two things to consider. If the cost of the site exceeds €127,000 or 25% of the cost of the site plus construction (less VAT) exceeds this amount they are liable to pay stamp duty.
• In certain circumstances divorced or separated people are classed as first-time buyers:

1. If their former partner still occupies their previously mutual home at the date of separation/divorce.
2. If their former home was the only property in which they held an interest in prior to separation/divorce.
3. If they have left their former home and no longer hold an interest in the property.