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Credit Card Stamp Duty

  • 22-11-2010 10:28pm
    #1
    Kidchameleon
    Closed Accounts Posts: 5,482 ✭✭✭


    Hi All,

    Just a quick one. If I were to get a credit card now, would I have to pay a full years stamp duty come the 1st of April 2011?

    Cheers,

    Kid.


Comments

  • #2
    chris85
    Registered Users, Registered Users 2 Posts: 4,502 ✭✭✭chris85


    Kidchameleon wrote: »
    Hi All,

    Just a quick one. If I were to get a credit card now, would I have to pay a full years stamp duty come the 1st of April 2011?

    Cheers,

    Kid.

    yes.


  • #3
    Shelflife
    Registered Users, Registered Users 2 Posts: 3,077 ✭✭✭Shelflife


    To follow on from that , if i was to transfer my balance to a new card and close the old cc account would i pay 2 x €40 ?


  • #4
    NuMarvel
    Registered Users, Registered Users 2 Posts: 3,279 ✭✭✭NuMarvel


    Shelflife wrote: »
    To follow on from that , if i was to transfer my balance to a new card and close the old cc account would i pay 2 x €40 ?

    Assuming you did all this before April 1st of any given year, then you would only pay the stamp duty once. This would be paid on the account you're closing (as the stamp duty is charged in arrears). When that's done, get a letter from your previous provider confirming you've paid it and give it to your new provider.


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