Stamp Duty

Stamp Duty is a tax based on written documents used in the transfer of property or land ownership. It is payable by the buyer and is calculated on the VAT-exclusive purchase price of the property/land, whilst taking into account the buyer’s status, type and size of property. Stamp Duty is payable upon closing of the sale.

First time buyers

A first time buyer is a person who purchases a property as his/her principal place of residence and who (either individually or jointly) has not previously built or purchased a property. First time buyers are fully exempt from Stamp Duty liability on all new and second hand homes.

Investors

An investor is liable to Stamp Duty on houses valued above €127,000.

Properties priced between €125,000 and €1,000,000 are subject to Stamp Duty at the rate of 7% on the excess of the purchase price over €125,000.

Properties priced in excess of €1,000,000 are subject to Stamp Duty on a sliding scale as follows:

First €125,000	0%
Next €875,000	7%
Excess over €1,000,000	9%

Owner occupiers

An owner occupier is a person who purchases a property to occupy as their principal place of residence.

Owner occupiers can avail of a Stamp Duty exemption on the purchase of new property with a total floor area not exceeding 125 m².

Partial Stamp Duty relief is also available for owner occupiers where they purchase new property with a total floor area exceeding 125 m². In most cases, Stamp Duty will be chargeable either on the site cost of the property or 25% of the purchase price. Normal Stamp Duty threshold and rates apply as described above.

In the case of a second hand property, an owner occupier is not liable to Stamp Duty where the purchase price of the property does not exceed €127,000.