STAMP DUTY _ Budget 2010

Transfers of residential property Reduction in rate for transfers of residential property to 1% on properties valued up to €1 million, with 2% applying to amounts over €1 million, in respect of instruments executed on or after 8 December 2010; Abolition of various reliefs and exemptions, in respect of instruments executed on or after 8 December 2010, as follows:

  • First time buyer relief
  • Exemption for new houses under 125 sq m in size
  • Relief on new houses over 125 sq m in size
  • Consanguinity relief for residential property transfers
  • Exemption for residential property transfers valued under €127,000
  • Site to child relief

Budget 2008 - Stamp Duty Changes To Non - Residential Property (i.e. Sites and Commercial Properties)

The top rate of stamp duty for non-residential property has been reduced from 9% to 6% in respect of instruments executed on or after 15 October 2008 and Revenue will, on an administrative basis until the enactment of the Finance Act 2009, give immediate effect to the application of the reduced rate.

The revised rate structure, which will also apply to the premium paybable under a lease of non-residential propery, is set out in the table below

Aggregate Consideration Rate of Duty
€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 €80,001 6%

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