What is Stamp Duty?

Stamp Duty is a form of tax that is payable to Revenue, It’s payable on instruments that transfer land and buildings in the Republic of Ireland.

These instruments are usually referred to as ‘Deeds of Transfer’ or ‘Deeds of Conveyance’.

Stamp duty is also charged on the following instruments:

– written leases of land and buildings
– written documents that transfer shares or stocks of Irish companies
– written documents that transfer property as a gift
– written agreements or contracts to transfer property

If you would like any more information on instruments that are liable to Stamp Duty head over to the Revenue’s site.

In addition, this is payable on the following:

– Credit cards and atm cards
– Cheques
– Insurance policies

How much Stamp Duty do you pay in Ireland?

The current rate is 1% on the first €1 million paid on a residential property and 2% on anything above this figure. Your Solicitor will be able to explain all the fees you have to pay when purchasing a property. If you need a Solicitor we have written a new article on choosing a Solicitor here

As you are reading about this topic we have written new articles on The Local Property Tax and The Land Registry Fee you should check them out.

The current rate is 1% on the first €1 million paid on a residential property and 2% on anything above this figure.

Your Solicitor will be able to explain all the fees involved when purchasing a property, like The Local Property Tax and Land Registry Fees. If you need a Solicitor we have written a new article on choosing a Solicitor here.

As you are reading about this topic we have written new articles on The Local Property Tax and The Land Registry Fee you should check them out.