Stamp Duty

The rate of Stamp Duty on residential property is currently 1% on proerties under €1m and 2% over that limit. This applies from transactions executed on or after 08 December 2010 with transitional arrangements in place.

The following Stamp Duty reliefs have been abolished;

• Transfer of site from parent to child
• New dwelling houses / apartments with floor area exceeding 125 sq.m
• Residential property first time purchaser relief
• Consanguinity relief in relation to residential properties only

With effect from 07 December 2011 the rate of Stamp Duty on commercial property and farmland will be reduced from 6% to 2%.