Section 31E of the Stamp Duties Consolidation Act (SDCA) 1999 provides for a higher 10% rate of stamp duty to be charged on the acquisition of certain residential property. This higher rate applies to the acquisition of individual residential property situated in the State (excluding apartments), where a person acquires at least 10 such properties during any 12-month period.
I am advised by Revenue that the Section does not apply to apartments. The Section does not differentiate between properties that are individual houses and those in housing schemes, and purchasers are not required to provide this information as part of their Stamp Duty returns. Therefore, Revenue does not have any information on the breakdown between individual houses and housing schemes.