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Stamp Duty for Side Garden Build?

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  • 05-02-2018 7:39pm
    #1
    mike_2009
    Registered Users Posts: 530 ✭✭✭


    Hi,
    I own a side garden. I plan to sell the house minus the side garden and build on it. Would this incur stamp duty?
    Thanks
    Tagged:


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    #2
    jmBuildExt
    Registered Users Posts: 692 ✭✭✭jmBuildExt


    mike_2009 wrote: »
    Hi,
    I own a side garden. I plan to sell the house minus the side garden and build on it. Would this incur stamp duty?
    Thanks
    Sale of the house? Or building the new house?
    Sale of house obviously will.
    Building the new house won't (stamp duty is a tax on transfer of property) but by the time you pay your other charges e.g. council contributions you will wish that you only had to pay stamp duty.


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    #3
    mike_2009
    Registered Users Posts: 530 ✭✭✭mike_2009


    Thanks - so no stamp duty for me to build or as a seller. Cheers!


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    #4
    Calahonda52
    Registered Users Posts: 12,346 ✭✭✭✭Calahonda52


    Off topic, you had better do this in the right order as the new owners could make life difficult for the new house planning ap/ services etc

    “I can’t pay my staff or mortgage with instagram likes”.



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    #5
    dubrov
    Registered Users Posts: 3,561 ✭✭✭dubrov


    Surely the residential rate of 2% would apply on the sale of the house. The buyer would pay this though


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    #6
    mike_2009
    Registered Users Posts: 530 ✭✭✭mike_2009


    Thanks - yes, planning first, then bring in services, then sell. Toying with renting back house for 6 months under caretaker agreement but that would put off potential buyers and house is unlikely to be finished by that stage.....

    Yep - buyer has their own stamp duty to pay....

    Cheers.


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