Vol. 548 No. 2
211 Mr. Fleming asked the Minister for Finance the changes in stamp duty announced in the recent budget; the date when these reductions become effective; and if people who entered contracts to purchase property in November 2001 may avail themselves of the reduced stamp duty rates. [4504/02]
The changes I announced in the recent budget, and which are now contained in the Finance Bill, 2002, published on 7 February 2002, realign the investor stamp duty rates for transfers of new and second-hand residential property with those for owner-occupier, other than first time buyers, purchasing a second-hand residential property.
The following chart sets out the post-budget position in relation to the relevant stamp duty rates:
|
Aggregate ConsiderationIR |
Aggregate ConsiderationEuro |
First-Time Buyers of second-hand housesUnchanged% |
Owner Occupiers of second hand houses/Investors in New and 2nd hand housesEffective 6/12/2001% |
|
Up to 100,000 |
Up to 127,000 |
Nil |
Nil |
|
100,001 – 150,000 |
127,001 – 190,500 |
Nil |
3.00 |
|
150,001 – 200,000 |
190,501 – 254,000 |
3.00 |
4.00 |
|
200,001 – 250,000 |
254,001 – 317,500 |
3.75 |
5.00 |
|
250,001 – 300,000 |
317,501 – 381,000 |
4.50 |
6.00 |
|
300,001 – 500,000 |
381,001 – 635,000 |
7.50 |
7.50 |
|
Over 500,000 |
Over 635,000 |
9.00 |
9.00 |
