Stamp Duty

BaZmO*

Just a quick question about Stamp Duty if anybody can help me.

I know that for a first time buyer you don't have to pay Stamp Duty on property up to €317,500. But If you are a second time buyer do you have to pay Stamp Duty on a property regardless of the value?

Cheers,

B.

Victor

Essentially yes, but on an increasing scale.

Exemptions:
New property less than 125m2 (typical 4-bed estate house)
Price less than €127,000 for residential property
Price less than €10,000 for non-residential property


http://www.oasis.gov.ie/housing/buying_a_house_or_flat/stamp_duty.html?search=stamp+duty

A Dub in Glasgo

Is it true that first time buyer means you did not previously buy a property anywhere else in the world?

Edit: Just got my answer from the link above

Who has not on any previous occasion, either individually or jointly, purchased or built on his/her own behalf a house in Ireland or abroad;

Andrew Duffy

Further to Victor's list of exemptions, the stamp duty on new property above 125 sqm is calculated in a moderately complex way, meaning that many large new properties are still stamp duty exempt.