Stamp Duty Rates in Ireland

Stamp Duty is a tax the government charges on buying property. Tradionally, there were different stamp duty rates for first time buyers, owner occupiers and property investors.

However, in Budget 2011, the government brought in standard stamp duty rates for all residential property.

For properties costing up to €1million, the new stamp duty rate is 1% of the entire amount.

For properties costing in excess of €1million, the stamp duty rate of 1% is charged on the first €1million and 2% is charged on the rest.

Abolition of Reliefs

All existing reliefs and exemptions of stamp duty were removed for properties bought after 8 December 2010 including:

• First Time Buyers relief
• Exemptions on new properties smaller than 125 sq. metres
• Relief on new properties larger than 125 sq. metres
• Site to child relief