Stamp Duty on new home

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!

Yes, new homes under 125 sq. m. are always exempt from stamp duty.

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?

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?

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.