A new flat rate of stamp duty on property transactions is to be introduced with [broken link removed].
There will be a flat rate of 1 per cent on all residential property transactions up to a value of €1 million, with 2 per cent applying to amounts above €1 million.
All existing reliefs and exemptions for stamp duty on residential property will be abolished. This means that 1 per cent will be paid on all residential property sales, new or old.
The new rates will apply to property transfers on or after December 8th.
I can't wait for tomorrow - the phones will be jumping