Sheedy11 said:Good Morning,
Currently trading up and purchasing new home for €490k. In the contract the site price is at €140k.......
Many Thanks
If the area of the house or flat is greater than 125 sq. metres (1,346 sq. feet), some stamp duty is payable if the Chargeable Consideration is above the relevant exemption threshold. (The stamp duty is assessed on either the cost of the site or 25% of the cost of the site plus the building costs (less VAT), whichever is the greater figure. This figure is called the Chargeable Consideration.
mickeyg said:Does this calculation also apply to the purchase of an estate house i.e. do you value the site on which the house is built and then work the calculation as above??
Aimee said:If :-
1. the property is new and there is a contract for site and building agreement in existence
2. the house is greater than 125 sq m
3. you are an owner/occupier
then yes this is the way it is calculated.
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