Non resident wants to buy house in Ireland

Dr Turk Turkelton

Hi folks,

A friend of mine lives in the States and they would like to buy a house in Ireland as a holiday home/to move to in the future.
They are Irish originally and come back here fairly often but have been there for the past 10 years.

They are wondering how much stamp duty is for a non resident and also how would they go about proving they are non resident?
Also if they were to move here permanently after buying the house would they only be liable for the 1% stamp duty as they would then be resident here?

They would never have worked or probably won't work in Ireland but they have pps numbers and Irish passports etc.

Thanks to all you knowledgeable folks in advance.

Victor

They would pay the same stamp duty as any one else.

I don't know any current rule on non-residents buying property.

There will however be the matter of on-going taxes, including NPPR and household charge, both of which will have to be paid.

Dr Turk Turkelton

Thank you Victor for your answer.
For some reason I was under the impression that there was a 6% stamp duty for non residents.
At least there is some good news to give them though to be honest even 6% would seem like a good deal compared to what it used be!

Dr Turk Turkelton

Thanks ResearchWill I had seen that before when I was looking.

The thing is the way I read it was that was for buying a property which was non residential ie a holiday home or buy to let.Of course I could be taking that up completely wrong which is why I came to the people of Boards for an answer!

Thanks again.

ResearchWill

Cuchulainn1. wrote: »

Thanks ResearchWill I had seen that before when I was looking.

The thing is the way I read it was that was for buying a property which was non residential ie a holiday home or buy to let.Of course I could be taking that up completely wrong which is why I came to the people of Boards for an answer!

Thanks again.

I think you are correct the 2% is if the home is a second home, which I assume this would be so the 2% rate may apply, but their solicitor can advise.

Dr Turk Turkelton

Sorry ResearchWill I didn't explain it right they only rent in the States so it would be their 1st property here or there.

I think that from talking to them they are going to move here rather than use it as a holiday home but are undecided.

They have a few places lined up to come and look at before making a descision but they want to have the house bought and ready to move into before coming back.

If they were to come home for 183 days before buying would they be counted as residents here?

ResearchWill

Cuchulainn1. wrote: »

Sorry ResearchWill I didn't explain it right they only rent in the States so it would be their 1st property here or there.

I think that from talking to them they are going to move here rather than use it as a holiday home but are undecided.

They have a few places lined up to come and look at before making a descision but they want to have the house bought and ready to move into before coming back.

If they were to come home for 183 days before buying would they be counted as residents here?

I think that as long as they do not own any other house then the 1% rate would apply. Best bet is budget for 2% just in case and then once everything is confirmed by Solicitor will be good news if its 1%.

I really dont think been non resident in the state matters.

Dr Turk Turkelton

Thanks for the advice ResearchWill I will tell them to go that way about it and hope it all works out.

Cheers

Cuchulainn1.

Marcusm

ResearchWill wrote: »

I think you are correct the 2% is if the home is a second home, which I assume this would be so the 2% rate may apply, but their solicitor can advise.

I think the test is only whether it is residential property (as opposed to commercial property such as offices, factories, pubs etc) and not whether the purchaser intends to use it as a residence for themselves. There are no longer the various categories of owner (first time buyer, investor etc).

StillWaters

It is 1% regardless if it is a holiday home, they are resident etc. They will have to pay the NPPR though.

Galwaydi

Cuchulainn1. wrote: »

Hi folks,

A friend of mine lives in the States and they would like to buy a house in Ireland as a holiday home/to move to in the future.
They are Irish originally and come back here fairly often but have been there for the past 10 years.

They are wondering how much stamp duty is for a non resident and also how would they go about proving they are non resident?
Also if they were to move here permanently after buying the house would they only be liable for the 1% stamp duty as they would then be resident here?

They would never have worked or probably won't work in Ireland but they have pps numbers and Irish passports etc.

Thanks to all you knowledgeable folks in advance.

Hi... Where are your friends interested in buying?

Dr Turk Turkelton

They are still looking in the Meath/Kildare areas.