Stamp Duty Rates Ireland

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Stamp Duty Rates Ireland

Stamp duty is calculated based on the consideration paid for certain transactions that are recorded in a document. Market value may apply in certain circumstances, for example, if there is a gift or unascertainable consideration.

Residential Property

Up to €1,000,000 1%

Excess over €1,000,000 2%

 

Non Residential Property - 2% flat rate

 

Stamp Duty that applies on mixed residential and non residential property

Where a transaction includes both residential and non residential property, the consideration must be apportioned between the residential and non-residential elements and the stamp duty is separately calculated on each separate element.

The residential property is not aggregated with the non-residential property so for residential property up to €1,000,000, the 1% rate will still apply.

Stamp duty on Shares

1% flat rate

Stamp Duty payable on a Lease

Stamp duty is payable on both the premium and rent payable on the creation of a lease.

The premium stamp duty rate is the rate for residential and non residential property.

The rent stamp duty rate is determined by the length (term) of the lease:

Lease for a term of up to 35 years or indefinite term 1% of average annual rent

Lease for a term exceeding 35 years but not exceeding 100 years 6% of average annual rent

Lease for a term exceeding 100 years 12% of average annual rent  

Certain residential leases are exempt.  

VAT and Stamp Duty

Stamp duty is assessed on the VAT exclusive consideration amount.

Please contact us if you require any assistance with stamp duty.

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Disclaimer

The material in this article is for general information purposes only and does not constitute legal or taxation advice. Specific legal and taxation advice should be sought before acting. All information and taxation rules are subject to change without notice.

No liability whatsoever is accepted by M. McLoughlin & Co. for any action taken in reliance on the information in this article

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