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Stamp Duty

  • 21-11-2016 1:27pm
    #1
    Liliana90
    Registered Users, Registered Users 2 Posts: 2 ✭


    Hi Guys,

    I just wanted to ask - if I'm the first time buyer do I need to pay a stamp duty on the new property?
    I have asked 2 estate agents and one of them told me that I don't need to pay it and another one told me that as far as he know I will have to pay 1%?

    And who to believe?

    Thanks :)


Comments

  • #2
    Michael D Not Higgins
    Registered Users, Registered Users 2 Posts: 7,223 ✭✭✭Michael D Not Higgins


    Stamp duty is applied on the ex-VAT amount for a new property at 1% up to €1m and 2% above. That an estate agent wouldn't know this is worrying.

    Edit: it's been 6 years since stamp duty was exempt for FTBs.


  • #3
    wench
    Registered Users, Registered Users 2 Posts: 1,663 ✭✭✭wench


    You do have to pay it.

    1% up to 1million, 2% over that.


  • #4
    Liliana90
    Registered Users, Registered Users 2 Posts: 2 ✭Liliana90


    That's perfect, I just wanted to confirm it :)

    Thank you Guys


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