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All taxes, charges, fee's etc. for owning property in Dublin

  • 22-04-2013 9:16pm
    #1
    newtodub
    Registered Users, Registered Users 2 Posts: 28 ✭


    Can anyone provide a clear concise list of all the charges associated with owning a property in Dublin.

    I've seen mention of many associated charges and considering a purchase but so many fee's and charges I'm getting confused...


Comments

  • #2
    StillWaters
    Closed Accounts Posts: 1,799 ✭✭✭StillWaters


    newtodub wrote: »
    Can anyone provide a clear concise list of all the charges associated with owning a property in Dublin.

    I've seen mention of many associated charges and considering a purchase but so many fee's and charges I'm getting confused...

    The main one is the Property Tax. Other than that, apartments will have management fees to pay for communal services, building insurance etc. Most houses are freehold, although some older houses are leasehold and have a very small peppercorn annual rent, often not collected.

    Stamp duty on purchase is 1%.


  • #3
    ScouseMouse
    Closed Accounts Posts: 5,070 ✭✭✭ScouseMouse


    Will give it a go.

    Stamp duty, solicitors fees, outlays for legal.

    Esb, gas/oil, tv licence, property tax, refuse collection, if a landlord - income tax and maybe accounts fees, water rates soon. General maintenence. Insurance
    Think thats it.


  • #4
    BuffyBot
    Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    Moved to the more appropriate forum


  • #5
    quietsailor
    Registered Users, Registered Users 2 Posts: 1,428 ✭✭✭quietsailor


    newtodub wrote: »
    Can anyone provide a clear concise list of all the charges associated with owning a property in Dublin.

    I've seen mention of many associated charges and considering a purchase but so many fee's and charges I'm getting confused...

    This is all I can think of but I am sure there are more costs than this - other posters on here might add to that list


    For initially buying the house;
    1. Solicitors fees
    2. Stamp duty
    3. Engineers/Surveyors inspection
    4. Drains inspection (often separate to the engineers report)
    5. Deposit required - 10-20% of the sale price usually
    When you own the house
    1. Property tax - collected by the revenue
    2. Bin charges - not a legal requirement but almost impossible to live without
    3. Water charges are coming in soon
    4. Building insurance - much higher if renting out the property
    5. Mortgage protection insurance if you want the security
    6. Management fees if it's an apartment.
    7. These ones only apply if your living in the house yourself
      • ESB
      • Heat costs
      • TV licence
      • Broadband



    If your renting the house out to tenants these are in addition to the charges above except point 7
    1. NPPR (Non Principal Private Residence) - only charged if its not your main home.
    2. BER rating
    3. Advertising costs
    4. Maintenance (rule of thumb is 1 months rent)
    5. Income tax (probably top rate as you will have used your credits in your day job)
    6. PRTB fee
    7. Accountants fees (highly advised if your not an accountant yourself)

    This is a post I made in a much earlier thread and it has links built into that thread that take you to the NPPR, PRTB etc.

    Good luck with your purchase


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