Real Estate Alliance

Stamp Duty Commercial

Budget 2009 the top rate of duty is being reduced from 9% to 6%. The new stamp duty rates applicable to non-residential (commercial) property are as follows:

Rate of Duty

Up to €10,000: Exempt
€10,001 to €20,000: 1%
€20,001 to €30,000: 2%
€30,001 to €40,000: 3%
€40,001 to €70,000: 4%
€70,001 to €80,000: 5%
Over €80,000: 6%

It should also be noted that in the case of a commercial lease agreement, stamp duty also applies. Your solicitor can advise you on the exact rates applicable in your case.

Budget 2009 also outlined that the time limit for disposal of newly constructed commercial buildings that attract capital allowances is being extended from one to two years.