This is a guide only and particular matters should be verified with Revenue / Legal Adviser.
Stamp duty is charged on the instruments used in the transfer of property - in other words, the conveyance documents that transfer ownership of the property. In general, the only factor affecting the amount of stamp duty is the value of the property.
Stamp duty is based on the type and cost of a property. Stamp duty applies to residential property such as houses or apartments. It is also payable on non-residential property, that is, land or housing sites without residential buildings. If your agreement to buy a site is linked to a construction contract, stamp duty may be payable on the full amount of the site plus the construction contract.
In the case of non-residential property, stamp duty is payable at half the normal rate applicable if there is a transfer of property (other than shares) to certain relatives for example, a parent, grandparent, step-parent, child, brother, sister, half-brother, half-sister, aunt, uncle, niece or nephew. This consanguinity relief is not available on leases or on transactions involving cousins and / or in-laws. It will cease after 31 December 2014.
For residential property, consanguinity relief has been abolished since 8 December 2010.
Any amounts paid under the cut off of one million euro are taxed at 1%. Amounts paid over this are taxed at 2%.
|Up to €1,000,000
Farm Consolidation Relief
This relief was for farmers who sold some agricultural land and bought more in order to consolidate their holdings and improve the viability of their farms. It is no longer applicable.