Assitance needed to calculate stamp duty

J

jonjo

Registered User
Messages
29
Assistance needed to calculate stamp duty

I've searched the forum but can't seem to get a definitve answer on my stamp duty calculation:

This is my scenario:
First time buyer who won't be living in the house straight away but have nominated a relative who will be. The house is an old stone house that has been refurbished, so it is not new? It costs 280,000 euro and I am pretty sure it is more than 125sqm. Am I exempt?
 
From revenue website:

"A first time buyer is a person, (or, where there is more than one buyer, each of such persons):

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) and

where the property purchased is occupied by the purchaser, or a person on his behalf, as his/her only or principal place of residence and

where no rent, other than rent under the rent-a-room-scheme, is derived from the property for five years after the date of the current purchase. "

As long as your relative is not renting the house from you (i.e. renting the entire house) but is merely living there in a caretaker capacity, you definitely qualify for FTB status.
 
You must log in or register to reply here.
Back
Top