The rate of stamp duty on residential property is dependent on the status of the buyer — first-time buyer or owner occupier — and whether the property is new or second-hand. Stamp duty is chargeable on the purchase of residential properties greater than or equal to €127,001. There are exemptions available for first-time buyers and owner occupiers.
First-time buyers can purchase second-hand properties up to €317,500 without a liability to stamp duty. Reduced rates are available after €317,500. Leaflet SD10A, which is available on www.revenue.ie, outlines the various rates applicable and other information which may be of assistance.
All owner occupiers, including first-time buyers, can purchase a new home between 38 sq m and 125 sq m, where a floor area compliance certificate has been obtained, without a liability to stamp duty. Where a new house is over 125 sq m, stamp duty is charged on either the value of the site or 25% of the value of the property, whichever is the greater. Any question as to whether any reliefs apply will be a matter of fact based on the circumstances of the purchaser.