Current stamp duty rates

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Hi
I see in the FAQ about mortgages the following about stamp duty on 2nd hand properties:

I think this is out of date as i understand that stamp duty on 2nd hand property for 1st time buyer now starts at €317, 501 - correct?

Can you tell me what up to date stamp duty rates for buyers other than first time buyers of second hand properties

Stamp Duty
Stamp duty rates for first time buyers of second hand properties

0 - €190,500 NIL
€190,500 - €254,000 3%
€254,001 - €317,500 3.75%
€317,501 - €381,000 4.5%
€381,001 - €635,000 7.5%
€635,001 + 9%

Most new houses and apartments are exempt from stamp duty for both first and second time buyers.

Second time buyers of secondhand properties pay higher stamp duty.

Stamp duty rates for buyers other than first time buyers of second hand properties

Less than EUR127,000 Exempt
EUR127,001 - EUR190,500 3%
EUR190,501 - EUR254,000 4%
EUR254,001 - EUR317,500 5%
EUR317,501 - EUR381,000 6%
EUR381,001 - EUR635,000 7.5%
Over EUR635,000 9%
 
More - up-to-date


Rates


Owner-occupiers of new houses/apartments are exempt from stamp duty, provided that the area of the house or apartment does not exceed 125 sq. metres (1,346 sq. feet) and a Floor Area Compliance Certificate has been issued. The house or apartment must not have been occupied prior to its purchase. It must be occupied as the owner's main place of residence for a period of five years from the date of the purchase deed (or up to the date of a sale during this period).

Rates of stamp duty for new houses and apartments with a floor area greater than 125 sq. metres and a Floor Area Compliance Certificate
Chargeable consideration
First Time Buyer Owner Occupier

Less than 127,000 euro Exempt Exempt
127,001 euro - 190,500 euro Exempt 3%
190,501 euro - 254,000 euro Exempt 4%
254,001 euro -317,500 euro Exempt 5%
317,501 euro - 381,000 euro 3% 6%
381,001 euro - 635,000 euro 6% 7.5%
Over 635,000 euro 9% 9%


Rates of stamp duty for second-hand houses and apartments for first-time buyers
The percentages shown in the tables below apply to the full purchase price of the property. For example, if you are a first-time buyer of a house costing 600,000 euro you must pay 6% of 600,000 euro (e.g. 36,000 euro) in stamp duty.
House price Rate of stamp duty



Up to 317,500 euro Exempt
317,501 euro - 381,000 euro 3%
381,000 euro - 635,000 euro 6%
Over 635,000 euro 9%


Rates of stamp duty for second-hand houses and apartments for other owner-occupiers (and investors)
House price Rate of stamp duty


Up to 127,000 euro Exempt
127,001 euro - 190,500 euro 3%
190,501 euro - 254,000 euro 4%
254,001 euro - 317,500 euro 5%
317,501 euro - 381,000 euro 6%
381,001 euro - 635,000 euro 7.5%
Over 635,000 euro 9%



Rates of stamp duty on land/housing sites without residential buildings
Up to 10,000 euro Exempt
10,001 euro - 20,000 euro 1%
20,001 euro - 30,000 euro 2%
30,001 euro - 40,000 euro 3%
40,001 euro - 70,000 euro 4%
70,001 euro - 80,000 euro 5%
80,001 euro - 100,000 euro 6%
100,001 euro - 120,000 euro 7%
120,001 euro - 150,000 euro 8%
Over 150,000 euro 9%




All the above can be found @



Hope this helps!!
 
Oh God, you're after frightening the life out of me there.
My auctioneer told me I was exempt, becuase it's a new build and I'm a first time buyer. He insisted, that's the main reason I bought the house!
But after reading this, I rang the builder who said that my house is 128 Square metres. And that maybe I should not convert the garage until a later date to bring down the square meterage (if that's a word)

So I rang the solicitor and he said that it's ok, not to worry because it's under €254,000 of a mortgage, and he did some sums and said, no you're ok.

But I don't know if I can trust him, there's no way I could pay anymore money out at this stage. I hope I don't get landed with a bill later on.

This house buying thing is nerve wracking stuff!!!!
 
Worried said:
Oh God, you're after frightening the life out of me there.
My auctioneer told me I was exempt, becuase it's a new build and I'm a first time buyer. He insisted, that's the main reason I bought the house!
But after reading this, I rang the builder who said that my house is 128 Square metres. And that maybe I should not convert the garage until a later date to bring down the square meterage (if that's a word)

So I rang the solicitor and he said that it's ok, not to worry because it's under €254,000 of a mortgage, and he did some sums and said, no you're ok.

But I don't know if I can trust him, there's no way I could pay anymore money out at this stage. I hope I don't get landed with a bill later on.

This house buying thing is nerve wracking stuff!!!!
Click to expand...


On the link I gave you I found this !!



Stamp duty rates for first-time buyers who are owner-occupiers of second-hand residential property were changed significantly in Budget 2005. The change affects any legal instruments (e.g. the deed of conveyance or transfer or lease giving effect to the contract) relating to a first-time buyer buying a residential property on or after 2nd December, 2004. The exemption rates has been increased to 317,500 euro, meaning first-time buyers who are owner-occupiers of second-hand residential property will not have to pay stamp duty on homes up to that value. The same buyers can avail of reduced rates on properties up to a value of 635,000 euro.


These new rate structures also apply to new properties with a floor area of more than 125 sq. metres.

Hope this stops the ulcer !!
 
New houses for FTB:

Under 125 sq m = NIL
Over that, its one quarter of the value or the total site value which ever is the higher.
That is then the 'value' for stamp duty.

This in effect means that a new house for an FTB would have to over €1m (€317.5 x 4)
before there is stamp duty.
 
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