Stamp Duty rate on Holiday Home Purchase

Roro999

Registered User
Messages
346
I am considering buying a holiday home. I have a PPR. Stamp duty is 7.5%. The cost of the house would be approx 140k and comes with contents. Can I agree with vendor what % is contents or is there a max allowed for contents ? In this case I would think 10% for contents would be about right. Who is it up to to determine the contents % in order to avoid stamp duty on that portion ?.
 
I wish it was. My undetstanding is it is 7.5%. It's a holiday home in rural countryside. Funny but an EA told me 1% but a solicitor told me on a telephone enquiry it's 7.5%.
 
So are you all saying if I as an Irish citizen purchase a second hand dwelling house from another Irish citizen as a holiday home I only pay 1% stamp duty and that a solicitor is wrong in saying it's 7.5% ?
 
So are you all saying if I as an Irish citizen purchase a second hand dwelling house from another Irish citizen as a holiday home I only pay 1% stamp duty and that a solicitor is wrong in saying it's 7.5% ?
That’d be my read of it, yep.

Residential property is 1% up to €1m.
 
That's great news to my ears. I can do a lot with approx 9k that I thought was having to be paid in stamp duty.
 
Perhaps the solicitor was thinking a holiday home would be classed as non residential and the fact that I already have as I said a PPR. I will double check with the solicitor as to why he thinks its 7.5% and post when I hear.
 
So are you all saying if I as an Irish citizen purchase a second hand dwelling house from another Irish citizen as a holiday home I only pay 1% stamp duty and that a solicitor is wrong in saying it's 7.5% ?
What's the irish citizenship got to do with it. If I was French would you expect I should pay higher rate
 
What's the irish citizenship got to do with it. If I was French would you expect I should pay higher rate
There was actually a case in the EU courts recently where Portugal have different effective capital gains for non-residents. It was found to be illegal.
 
There was actually a case in the EU courts recently where Portugal have different effective capital gains for non-residents. It was found to be illegal.
Thanks, that was exactly the case I had read about. References to "Irish citizen", is in my view totally misleading terminology