Stamp duty is a tax the government levies on the purchase of all second-hand residential property over the value of €125,000 and on all new property bought for investment purposes.

New houses are exempt provided the property is for owner occupation and the floor area is less than 1346 sq ft (125 sq meters)

First-Time Buyers are now exempt from paying Stamp Duty.
 

Stamp Rates when a property is a second home / investment:

 

Purchase Price	Rate
Under €125,000	Exempt
€125,001 - €999,999	7.00%
Over €1,000,000	9.00%

The first €125,000 of every house price is exempt from stamp duty. For every house under €1m, duty will be charged at 7% on the amount over the €125,000. Houses that go over the €1m will incur 9% for the amount over €1m.

To find out more about stamp duty rates for new and second hand houses in Ireland, contact us on 021 427 7037 / email us at info@mymortgages.ie

For more information please visit www.revenue.ie