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Stamp Duty on Property Transfer

  • 02-03-2016 1:17pm
    #1
    Quoideneuf
    Registered Users, Registered Users 2 Posts: 18 ✭


    Hi. Can anyone tell me if stamp duty applies in the case of the transfer of property from parent to child (who is a long-term resident, along with the parent, of aforementioned property).

    Thanks in advance.


Comments

  • #2
    matt-dublin
    Registered Users, Registered Users 2 Posts: 4,468 ✭✭✭matt-dublin


    Quoideneuf wrote: »
    Hi. Can anyone tell me if stamp duty applies in the case of the transfer of property from parent to child (who is a long-term resident, along with the parent, of aforementioned property).

    Thanks in advance.

    I'm not 100% sure on the stamp duty, your solicitor may be able to advise.

    You will be however be liable I think for inheritance tax on the value of the property.


  • #3
    HcksawJimDuggan
    Registered Users, Registered Users 2 Posts: 394 ✭✭HcksawJimDuggan


    Yes stamp duty of 1% would apply.

    There may also be CAT implications depending on the value of the property.


  • #4
    Quoideneuf
    Registered Users, Registered Users 2 Posts: 18 ✭Quoideneuf


    Thanks for that.


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