Other Userful Info
The main cost in buying property in Ireland is Stamp Duty, which is a Government transfer tax.
- What is Stamp Duty?
Stamp duty is the tax payable to the government for changing the documents that specify who owns a particular property.
- How much Stamp Duty will I have to pay?
Stamp Duty is calculated at 1% on properties valued up to €1 million, with 2% applying to amounts over €2 million.
- When is Stamp Duty payable?
When closing the sale, your solicitor will calculate the exact stamp duty due and you will be required to pay this amount to the Revenue Commissioners. Your solicitor will usually arrange this payment.