Hi there, maybe I'm looking in the wrong place on the revenue site but I don't seem to be able to find stamp duty rates on a remortgage/top up/trade up.
Anybody out there know where this kind of info might be?
If the new mortgage is over €254,000 (or a top up takes it over this amount) there will be Stamp Duty of 0.1% on the mortgage deed. The maximum is €635. There are other legal outlays on a remortgage of around €300/€400. There is no Stamp Duty on the property itself on a remortgage or top up.
Just one thing that I, perhaps it obvious to others, don't quite follow. When you say the max is €635 how can this be if .01% of €254k is actually €2,540?
Did you perhaps mean that you only get charged 1% if the value of the remortgage is below €635k and the % rises if the value exceeds this figure?
Just one thing that I, perhaps it obvious to others, don't quite follow. When you say the max is €635 how can this be if .01% of €254k is actually €2,540?