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A
range of rates apply in Ireland to instruments effecting the
conveyance of real property, depending on the type of property
(residential or non-residential), the value of the property and the
status of the purchaser.
Conveyances/Transfers/Assignments
of Non-Residential Lands and Buildings etc
Effective 15/10/2008
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Aggregate
Consideration
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Rates
of Duty Non-Residential
|
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Does
not exceed 10,000
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Exempt
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10,001
- 20,000
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1%
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20,001
- 30,000
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2%
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30,001
- 40,000
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3%
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40,001
- 70,000
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4%
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70,001
- 80,000
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5%
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Greater
than 80,000
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6%
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Rates of Stamp Duty for Residential Property
First time buyers are
exempt from stamp duty with effect from 31/3/07. Stamp duty rates for
other purchasers of residential property since 5/11/2007 are:
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Amount
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Non First-Time Buyer
|
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First 125,000
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NIL
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Next 875,000
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7%
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Excess over 1,000,000
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9%
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Conveyances / Transfers of
Stocks / Marketable Securities
Duty
is 1% of the consideration paid for shares/marketable securities
where the consideration exceeds €1,000.
Gifts
Where
property is transferred as a gift or for less than full value, stamp
duty is charged on the market value of the property at the
appropriate rate.
Leases
Duty
is payable on both the rent and the premium
Rent
|
Rent
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Rate of Duty
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Lease
of a house or apartment for a term which is indefinite or does not
exceed 35 years and where the rent does not exceed Euro30,000 per
year
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Exempt
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In all other cases where the lease is
for a term:
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Which
is indefinite or does not exceed 35 years
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1%
of the average annual rent
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Which
exceeds 35 years but does not exceed 100 years
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6%
of average annual rent
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Which
exceeds 100 years
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12%
of the average annual rent
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Main Exemptions / Reliefs
Transfer
of property between spouses is exempt. The exemption also applies to
property transferred between divorced couples on foot of certain
orders made by the Irish Courts. The following types of transfers are
also exempted :
- Company
reconstructions and amalgamations
- Certain financial
instruments
- Charities in relation
to the conveyance/transfer/lease of land
- Commercial woodlands
- duty not chargeable on the value of the trees growing on the
land
In
the case of young trained farmers relief, there is a reduction by two
thirds of the duty otherwise payable. With regard to consanguinity
relief which applies to the transfers of land, buildings etc to
certain relatives, half the normal rate of stamp duty applies, but
not in relation to leases.
Financial Cards
Stamp Duty on cards is
now:
Euro30 - Charge cards and
credit cards
Euro5 - combined debit/ATM
cards
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