Stamp Duty on new home

H

hello moto

Guest
hey folks,

i read on the govt. oasis site that new homes under 125 sq m. are exempt from stamp duty. is this the case even if you're not a FTB??

i'm considering buying a new house with a friend, which would then be my PPR. i understand (ithink!) that i'd be liable for stamp duty clawback on rental income from the 1st property (which is currently my PPR) but would i also be liable for stamp duty on the new house (which is under 125 sq m.)??

thanks!
 
many thanks.
can you tell me if the new house becomes my PPR & i hold onto the apt that i bought 3 years ago, what stamp duty am i liable for on the apt? is it 5% of purchase price (€285K) in one lump sum or is it based on rental income from the apt? :confused:

cheers!
 
Dearg Doom said:
Yes, new homes under 125 sq. m. are always exempt from stamp duty.
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Not always, it is only for owner occupiers not investors (although it would appear the OP is going to be an owner occupier).
 
hello moto said:
many thanks.
can you tell me if the new house becomes my PPR & i hold onto the apt that i bought 3 years ago, what stamp duty am i liable for on the apt? is it 5% of purchase price (€285K) in one lump sum or is it based on rental income from the apt? :confused:

cheers!
Click to expand...

It would be the difference in stamp duty an investor would have had to pay 3 years ago and what you actually paid (I don't know the exact rates and bands 3 years ago but I assume you think they were 5%? You should be able to get the exact tables from the Revenue.) So X% of the purchase price as a lump sum.
 
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