Stamp duty

Just The One

If I have already paid stamp duty (€30,000) do I have to pay the new property tax?

seamus

There is no new property tax.

Just The One

you can dress it up as much as you want but, it is still a property tax

However, let me rephrase. If I paid €30,000 stamp duty already, will I have to pay these new rates.

The rate of stamp duty on residential property will be reduced to 1% on all properties valued up to €1 million. A rate of 2% will apply to property valued over €1 million.

Dymo

You only pay stamp duty once on the purchase of a property. Its the cost of stamping the deeds of the property. (Originally it was actually the cost of the stamps.)

seamus

Stamp duty is not property tax. As dymo says, you only pay it when you are buying a home. And yes, if you buy a new home you will have to pay it.

Just The One

ok - i think I misunderstood what was happening.

So if I already own my house and have paid my stamp duty, there is nothing more that I have to pay?

seamus

Not for the moment

mrgaa1

correct - nothing more to pay in relation to stamp duty for the house you are in.

Sungodbr

seamus wrote: »

Not for the moment

water charges on the way thou I believe