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Stamp Duty Guide
As of 6th December 2007:
- First Time Buyers – Not Applicable
- 2nd Time Buyer - 2 bands of stamp duty
7% under €1,000,000
9% of the portion of price over €1,000,000
The first €125,000 is exempt from stamp duty.
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Example: Purchase Price - €350,000
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€350,000 |
| Less | €125,000 (exempt) |
| Amount applicable for stamp | €225,000 |
Stamp Duty is applicable at 7% of the total purchase price after deducting €125,000.
7% of €225,000 is €15,750:
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€225,000 |
| Plus 7% | € 15,750 |
| Plus (original untaxed) | €125,000 |
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€365,750 |
Total Purchase Price including Stamp Duty - €365,750
Example 2: Purchase Price - €1,200,000
Stamp Duty is applicable at 7% up to €1,000,000 with the first €125,000 exempt. The higher 9% rate comes into effect at €1,000,000 but only on the portion of the price over €1,000,000
| 7% of €875,000 is (€1,000,000 less €125,000) | €61,250 |
| 9% of €200,000 is (Portion over €1,000,000) | €18,000 |
| Total Stamp - | €79,250 |
| Price less portion exempt from tax | €1,075,000 |
| Plus total Stamp | € 79,250 |
| Plus (original untaxed) | € 125,000 |
| | €1,279,250 |
Total Purchase Price including Stamp Duty - €1,279,250
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