|
The rate
structure, outlined below, applies to legal instruments in respect of such
properties executed on or after December 6th 2007.
|
Thresholds
|
First time
buyers of all residential property and other owner occupying
purchasers of new residential property under 125m2 |
Owner / Occupier & Investors |
| Up to €125,000 |
Exempt |
Exempt |
| Next €875,000 |
Exempt |
7% |
| Balance |
Exempt |
9% |
STAMP DUTY EXAMPLES
|
House Price
|
Calculation |
Stamp Duty
Due |
| €350,000 |
€350,000 - €125,000 = €225,000 x 7% |
€15,750 |
| €370,000 |
€370,000 - €125,000 = €245,000 x 7% |
€17,150 |
| €420,000 |
€420,000 - €125,000 = €295,000 x 7% |
€20,650 |
| €525,000 |
€525,000 - €125,000 = €400,000 x 7% |
€28,000 |
| €635,000 |
€635,000 - €125,000 = €510,000 x 7% |
€35,700 |
| €875,000 |
€875,000 - €125,000 = €750,000 x 7% |
€52,500 |
| €1,000,000 |
€1,000,000 - €125,000 = €875,000 x 7% |
€61,250 |
| €1,500,000 |
(€875,000 x 7% = €61,250) + (€500,000
x 9% = €45,000) |
€106,250 |
For more
information see www.revenue.ie
|
