Guide to Stamp Duty

Stamp duty is calculated at 1% of the sales price of up to €1 million euro and if the price is above €1 million euro, the balance of the purchase above €1M is payable at 2%.

Stamp duty is not incorporated into your mortgage and will need to be paid for separately from your savings.

New Homes:
VAT (value-added tax) is charged on new build properties at 13.5%, but not on second-hand properties. The purchase price of a new property includes the VAT. However, stamp duty is calculated on the VAT exclusive price of the new build property and not on the price including VAT. Your solicitor will advise you of your stamp duty liability in advance of the closing date when it becomes payable.

How much do I have to pay?

Second-hand property

Example: 
If you buy a home for €450,000, the stamp duty will equate to 1% as you are below the €1 million thresholds and therefore the stamp duty that will need to be paid will be €4,500.

New build property

Example:
If you buy a new build home priced at €375,000 (including VAT), the stamp duty is payable only on the VAT exclusive figure which is €330,396.47 The stamp duty rate is 1% as you are below the €1 million thresholds and the stamp duty that will need to be paid in this instance is €3,303.96.

Where do I pay my stamp duty?

Your solicitor will calculate the stamp duty once you are at the final stages of closing the sale of your property and stamp duty is paid by your solicitor to the Revenue Commissioners. 

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