Sherry Fitzgerald Talbot - Whatever It Takes

Stamp Duty Guide

25.11.2009

Stamp Duty Guide
 
Stamp Duty information has been provided only as a guide. Professional advice should be sought in dealing with specific issues and not based on this information.
 
 
First Time Buyers – Any Property
 
First Time Buyers (for owner occupation) are exempt from stamp duty on any new or second-hand property.
 
First time buyers are classified as buyers who have never purchased or built a property anywhere in the world.
 
 
Owner Occupiers – New Properties
 
Non First Time Buyers (for owner occupation) of new properties under 1,345 sq ft (125sq m) pay no stamp duty.
 
Non First Time Buyers (for owner occupation) of new properties over 1,345 sq ft (125 sq m) pay stamp duty at the applicable rate on either ¼ of the purchase price or the site cost (excl VAT), whichever is greater as per the following rates:
 
Property Value                                      Rate
 
First 125,000                                     0%
Next 875,000                                    7%
Excess over 1,000,000                         9%
 
Non- Residential/ Commercial Property Rates
 
Property Value                                      Rate
 
Not exceeding           10,000                 0%
10,001       -         20,000                 1%
20,001       -         30,000                 2%
30,001       -         40,000                 3%
40,001       -         70,000                 4%
70,001       -         80,000                 5%
80,001       -         100,000               6%
100,001     -         120,000               7%
120,001     -         150,000               8%
Greater than             150,000               9%
 
 
 
 
 
 
**Rates correct as at 25/11/2009
 

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