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Stamp duty question

  • 09-02-2015 6:17pm
    #1
    beatlesfan3333
    Registered Users, Registered Users 2 Posts: 79 ✭✭


    Hi there, I will be a first time landlord soon. I think I'm up to date with all laws I need to be aware of. I know I'll need to do my taxes each October as a landlord. Do I also need to pay stamp duty? The house was bought for 250,000 EUR in 2008 and is now worth approximately 150,000 EUR. If I do need to pay stamp duty, do I just pay this when I do my taxes in October? Apologies if this is a legal question that shouldn't be asked on Boards, I wasn't sure. Thanks


Comments

  • #2
    lau1247
    Registered Users, Registered Users 2 Posts: 2,260 ✭✭✭lau1247


    I thought you only pay when you buy/transfer properties which you should already have paid in 2008.

    More info here: Stamp Duty

    West Dublin, ☀️ 7.83kWp ⚡5.66 kWp South West, ⚡2.18 kWp North East



  • #3
    ted1
    Registered Users, Registered Users 2 Posts: 24,111 ✭✭✭✭ted1


    beatlesfan3333 wrote: »
    Hi there, I will be a first time landlord soon. I think I'm up to date with all laws I need to be aware of. I know I'll need to do my taxes each October as a landlord. Do I also need to pay stamp duty? The house was bought for 250,000 EUR in 2008 and is now worth approximately 150,000 EUR. If I do need to pay stamp duty, do I just pay this when I do my taxes in October? Apologies if this is a legal question that shouldn't be asked on Boards, I wasn't sure. Thanks

    You pay stamp duty when you buy the house. You need to pay property tax every year


  • #4
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    There is a guide to rental income in the stickies in the taxation forum


  • #5
    beatlesfan3333
    Registered Users, Registered Users 2 Posts: 79 ✭✭beatlesfan3333


    Great advice guys thanks. I think I was confused about this. It makes sense that you only pay stamp duty when buying a house or transferring properties, thanks!


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