Stamp Duty - not FTB, over sq footage - did NOT pay stamp duty

S

SA Ecca

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I have searched on the stamp duty threads for a similar topic.
We purchased a house of 2400 sq ft, costing us 470K, and as second time buyers we did not incur a stamp duty charge.
It was to do with the size/value of the site, or the house being under 500K in value. Our friends purchased a house for 675K similar size but in Co. Dublin and they paid less than 10K in stamp duty under the same clause. I know someone who is buying a second house and it will become the PPR, and they are expecting to pay stamp duty as it is 1600 sq ft and do not believe me that they do not need to pay stamp duty.

Does anyone have the document to show this? Or somewhere that explains this clearly?
 
See here:
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.
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[broken link removed] have more info on this too.
 
Seems to me from reading SD10 that 2nd time buyers (owner occupier) of a new house (not a self-build) will have to pay full rate SD on 25% of the price of the house. Not sure where the 500k limit the original poster referred to comes in?
 
collieb said:
Seems to me from reading SD10 that 2nd time buyers (owner occupier) of a new house (not a self-build) will have to pay full rate SD on 25% of the price of the house.
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Are you specifically referring to > 125sqm because under that a non FTB owner occupier is exempt from SD the same as a FTB.
Not sure where the 500k limit the original poster referred to comes in?
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€500K x 25% = €125 which is under the non FTB owner occupier exemption limit of €127K?
 
Will teh original poster please clarify - was it a new hopuse and your primary residence?

Also - was it the same for your friend?
 
SA Ecca said:
I know someone who is buying a second house and it will become the PPR, and they are expecting to pay stamp duty as it is 1600 sq ft and do not believe me that they do not need to pay stamp duty.
Does anyone have the document to show this? Or somewhere that explains this clearly?
Click to expand...

You obviously qualified under the quarter relief rule for owner-occupiers (i.e. quater of the total cost of site plus building work, OR site cost - which ever is the GREATER figure - both must have come under the 127,001 threshold).
Your friend's house has a different value and obviously is coming over the threshold on either the quarterd total figure OR the site cost (again whichever is the greater).
For first-time buyer own/occupiers that threshold would be 317,501.
Two websites to look in - www.revenue.ie or www.myhome.ie
 
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