Stamp Duty

The document that the person who is selling the property signs, and which has the purpose of putting the property into your name is called a Deed of Assurance. It is filed with the Property Registration Authority, but before they look at it, it must be presented to the Revenue Commissioners who look at the value of the transaction, and calculate the Stamp Duty payable. Stamp Duty must be paid within 30 days of the closing of the sale. We will ask you, early on in the transaction, for your PPS number such that on the date of closing of the sale we can file the Stamp Duty Return and ask you for the relevant duty.

At present the Stamp Duty rates are

1% of the purchase price for residential property

7.5% of the purchase price for non-residential property.*

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* A reduced rate, called Consanguinity Relief, can in certain cases be claimed reducing the rate to 1%
In certain other cases a relief called Young Farmer Relief can be claimed reducing the rate to 0%

The information on this site is provided as a guide only and is not professional advice, including legal advice. It should not be assumed that the guidance is comprehensive or that it provides a definitive answer in every case.