Non resident wants to buy house in Ireland

Dr Turk Turkelton · 20-08-2012 04:37PM #1

Hi folks,

A friend of mine lives in the States and they would like to buy a house in Ireland as a holiday home/to move to in the future.
They are Irish originally and come back here fairly often but have been there for the past 10 years.

They are wondering how much stamp duty is for a non resident and also how would they go about proving they are non resident?
Also if they were to move here permanently after buying the house would they only be liable for the 1% stamp duty as they would then be resident here?

They would never have worked or probably won't work in Ireland but they have pps numbers and Irish passports etc.

Thanks to all you knowledgeable folks in advance.

Victor · 21-08-2012 11:02AM

They would pay the same stamp duty as any one else.

I don't know any current rule on non-residents buying property.

There will however be the matter of on-going taxes, including NPPR and household charge, both of which will have to be paid.

Dr Turk Turkelton · 21-08-2012 02:24PM

Thank you Victor for your answer.
For some reason I was under the impression that there was a 6% stamp duty for non residents.
At least there is some good news to give them though to be honest even 6% would seem like a good deal compared to what it used be!

Dr Turk Turkelton · 21-08-2012 02:34PM

Thanks ResearchWill I had seen that before when I was looking.

The thing is the way I read it was that was for buying a property which was non residential ie a holiday home or buy to let.Of course I could be taking that up completely wrong which is why I came to the people of Boards for an answer!

Thanks again.

ResearchWill · 21-08-2012 02:39PM

Cuchulainn1. wrote: »

Thanks ResearchWill I had seen that before when I was looking.

The thing is the way I read it was that was for buying a property which was non residential ie a holiday home or buy to let.Of course I could be taking that up completely wrong which is why I came to the people of Boards for an answer!

Thanks again.

I think you are correct the 2% is if the home is a second home, which I assume this would be so the 2% rate may apply, but their solicitor can advise.

Dr Turk Turkelton · 21-08-2012 03:24PM

Sorry ResearchWill I didn't explain it right they only rent in the States so it would be their 1st property here or there.

I think that from talking to them they are going to move here rather than use it as a holiday home but are undecided.

They have a few places lined up to come and look at before making a descision but they want to have the house bought and ready to move into before coming back.

If they were to come home for 183 days before buying would they be counted as residents here?

ResearchWill · 21-08-2012 03:36PM

Cuchulainn1. wrote: »

Sorry ResearchWill I didn't explain it right they only rent in the States so it would be their 1st property here or there.

I think that from talking to them they are going to move here rather than use it as a holiday home but are undecided.

They have a few places lined up to come and look at before making a descision but they want to have the house bought and ready to move into before coming back.

If they were to come home for 183 days before buying would they be counted as residents here?

I think that as long as they do not own any other house then the 1% rate would apply. Best bet is budget for 2% just in case and then once everything is confirmed by Solicitor will be good news if its 1%.

I really dont think been non resident in the state matters.

Dr Turk Turkelton · 21-08-2012 03:55PM

Thanks for the advice ResearchWill I will tell them to go that way about it and hope it all works out.

Cheers

Cuchulainn1.

Marcusm · 21-08-2012 05:04PM

ResearchWill wrote: »

I think you are correct the 2% is if the home is a second home, which I assume this would be so the 2% rate may apply, but their solicitor can advise.

I think the test is only whether it is residential property (as opposed to commercial property such as offices, factories, pubs etc) and not whether the purchaser intends to use it as a residence for themselves. There are no longer the various categories of owner (first time buyer, investor etc).

StillWaters · 21-08-2012 08:28PM

It is 1% regardless if it is a holiday home, they are resident etc. They will have to pay the NPPR though.

Galwaydi · 20-01-2013 10:35PM

Cuchulainn1. wrote: »

Hi folks,

A friend of mine lives in the States and they would like to buy a house in Ireland as a holiday home/to move to in the future.
They are Irish originally and come back here fairly often but have been there for the past 10 years.

They are wondering how much stamp duty is for a non resident and also how would they go about proving they are non resident?
Also if they were to move here permanently after buying the house would they only be liable for the 1% stamp duty as they would then be resident here?

They would never have worked or probably won't work in Ireland but they have pps numbers and Irish passports etc.

Thanks to all you knowledgeable folks in advance.

Hi... Where are your friends interested in buying?

Dr Turk Turkelton · 20-01-2013 11:08PM

They are still looking in the Meath/Kildare areas.

Non resident wants to buy house in Ireland

Comments