Real Estate Alliance
Did you know?
Who Pays Stamp Duty?
Unfortunately the answer to this is most buyers! First time buyers purchasing a second hand house are exempt up to €317,500, and will pay a reduced percentage on the full amount above this. Any owner occupier, whether first time buyer or not, will not pay any stamp duty on new homes, provided that the area does not exceed 125 sq. meters. In this case stamp duty is payable on the Chargeable Consideration, being either the cost of the site or 25% of the cost of the site plus the building costs excl Vat, whichever is the greater figure.
Expert Advice
Murphy Real Estate Alliance are based in Blessington and Baltinglass two thriving towns in the heart of West Wicklow. From these excellent locations we offer a broad...
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Related Topics
- Buying Checklist for Buyers
- Buying Shared Ownership Scheme
- FAQ when buying a property
- Guide to Housing Entitlements
- Mortgage Glossary
- A Short Guide to Mortgage Interest Relief
- Stamp Duty
- Tax Relief When Buying
- What is a BER, (building energy rating)?
Jargon Buster
Conditions of Sale
This is a term interchangeable with the contract for sale and having the same meaning being namely the contract prepared by the vendor's solicitor setting out a legal...
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