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Stamp duty for first time buyers (me and the lass)

  • 08-02-2007 11:34pm
    #1
    worded
    Registered Users, Registered Users 2 Posts: 4,639 ✭✭✭


    If we buy a new house and are both first time buyers does it matter if the place is 400 - 500K ?

    i.e. Will the Stamp duty be 0 ?


Comments

  • #2
    Dakeyras
    Registered Users, Registered Users 2 Posts: 570 ✭✭✭Dakeyras


    if the house is below 125sq.m and is a new build the price doesnt matter, nor do you have to be a first time buyer. there be no stamp duty to be paid.

    But it has to be your main residence for 5 years and if you wholly rent it out before then you are liable for the initial stamp duty. you can rent a room though without a problem. or indeed you can sell whenever you like without any stamp duty issues


  • #3
    worded
    Registered Users, Registered Users 2 Posts: 4,639 ✭✭✭worded


    If times get tough can you rent two rooms?


  • #4
    Victor
    Registered Users, Registered Users 2 Posts: 78,577 ✭✭✭✭Victor


    worded, be careful on the rules. Work out what does and doesn't attract stamp duty for your circumstances.
    worded wrote:
    If times get tough can you rent two rooms?
    Rent-a-Room scheme. www.revenue.ie


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