Stamp Duty for first time buyers?

Dublin3124 · 07-12-2010 8:56pm #1

Hi,

I am a first time buyer and I am closing on a house tomorrow. Will I now have to pay stamp duty?

gurramok · 07-12-2010 8:59pm

Yes, the relief is been abolished at midnight. Tomorrow you will pay 1% on the value of the house transaction.

Dublin3124 · 07-12-2010 9:14pm

Even though I signed the contract in November?

Retail Hell · 07-12-2010 9:42pm

I think it relates to when you signed your contract, so you should be ok, but check with your legal representative tomorrow,they should be able to confirmit toyou, remember thats what your paying them for.

good luck

gtg60 · 07-12-2010 9:42pm

Dublin3124 wrote: »

Even though I signed the contract in November?

I think you'll be ok, this is an excerpt from the budget speech

The new rates will apply to property transfers on or after 8 December 2010. A transitional provision will be put in place to ensure that anyone who has entered into a binding contract to purchase a residential property before 8 December 2010, and who executes the transfer of that property before 1 July 2011, will not lose out.

JacksonHeightsOwn · 07-12-2010 9:43pm

Dublin3124 wrote: »

Even though I signed the contract in November?

hopefully you wont pay it

i wish id have waited, i bought a house in april ,and paid 8 ****ing grand on stamp duty

them scamming fianna fail f**ks got everything i had, ive the grand total of €37.00 in my bank account now, that extra 8 grand could have bought me some insulation, ahhhhhhhhh

gurramok · 07-12-2010 9:43pm

I think you should get legal advice pronto. You might be ok as you signed a contract already.
http://www.rte.ie/news/2010/1207/budgethouses-business.html

Stamp Duty for first time buyers?

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