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Stamp Duty Yes or No

  • 03-02-2006 12:31am
    #1
    Macker1
    Registered Users, Registered Users 2 Posts: 1,886 ✭✭✭


    Myself and Wife/Kids are considering a move to Delvin West Meath. It is a new house purchase price 220,000. Our current house was bought 2nd hand back in 1991.

    My question is around would I have to pay stamp duty on the new house. I have been told by a couple of people that as long as its the family residence I do not have to worry about stamp duty.


    Apologies is this is a silly question but its something thats on my mind.:confused:


Comments

  • #2
    Karoma
    Registered Users, Registered Users 2 Posts: 19,396 ✭✭✭✭Karoma


    Stamp duty = No.


  • #3
    Kinetic^
    Closed Accounts Posts: 13,249 ✭✭✭✭Kinetic^


    Macker1 wrote:
    I have been told by a couple of people that as long as its the family residence I do not have to worry about stamp duty.

    Correct


  • #4
    iguana
    Registered Users, Registered Users 2 Posts: 12,917 ✭✭✭✭iguana


    Take a look on www.mortgages.ie But I think you are exempt.


  • #5
    EKRIUQ
    Registered Users, Registered Users 2 Posts: 4,387 ✭✭✭EKRIUQ


    Capital gains no
    Stamp duty yes if the sq feet exeeds c.1500 if not no stamp duty to be paid


  • #6
    Macker1
    Registered Users, Registered Users 2 Posts: 1,886 ✭✭✭Macker1


    BingoBongo wrote:
    Capital gains no
    Stamp duty yes if the sq feet exeeds c.1500 if not no stamp duty to be paid



    The new house is around 1350 sq ft so I should be alright.:) :):)


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  • #7
    Victor
    Registered Users, Registered Users 2 Posts: 78,577 ✭✭✭✭Victor


    Macker1 wrote:
    The new house is around 1350 sq ft so I should be alright.:) :):)
    Actually, I think the limit is lower than that.


  • #8
    MorningStar
    Closed Accounts Posts: 3,031 ✭✭✭MorningStar


    Victor wrote:
    Actually, I think the limit is lower than that.

    I thought it was higher at 2500sq ft anybody know for sure?


  • #9
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    http://www.oasis.gov.ie/housing/buying_a_house_or_flat/stamp_duty.html

    Owner-occupiers of new houses/apartments are exempt from stamp duty, provided that the area of the house or apartment does not exceed 125 sq. metres (1,346 sq. feet) and a Floor Area Compliance Certificate has been issued. The house or apartment must not have been occupied prior to its purchase. It must be occupied as the owner's main place of residence for a period of five years from the date of the purchase deed.


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