Stamp Duty

Apologies if this thread is there already

I am thinking of buying a new house from the plans. The brochure for the plans states that there is no stamp duty for owner occupiers. My question is that given that the size of the house is 159.50 does this not exceed the size threshold?

I went in to ask in the Estate Agents and they said that no stamp duty was payable for owner occupiers

Does this answer your query

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specifically under the heading New large houses/apartments (without a floor area compliance certificate)

Thanks for that - does that read that you do get stamp duty relief if its a new house and your an owner occupier?

Yes, it has to be a new house and you have to be an owner occupier

Hi, I also have a quick question if you don't mind.
I'm a FTB, but the house is more than 125 sq metres. I asked the auctioneer, he said I was exempt. I asked the solicitor, and he said that I'm exempt too, he did some calculation, but by following his method, everyone would be exempt. I just don't trust him, he made a balls of my sisters house, but it's too late to change solicitors now. The house is still being built but I'm terrified I'm going to get landed with a stamp duty bill later on.
When do you get the stamp duty bill? When all transactions have been completed is it? I feel this is really hanging over me.

Your solicitor has to send it off when the sale is closed / completed.

See the examples on myhome.ie re stamp duty if you're worried about it or give more details on this site on the size / value of the house and site.

Its extremely likely you are exempt as its a new house and you're a FTB.

Well, I just had another look there and at the most I'll have to pay partial stamp duty on 25% of the total cost which isn't a lot but I have asked the solicitor a number of times, so I don't see why I should have to pay it if he's wrong. Maybe I should get it in writing from him.
Thanks Redzer.

pricilla said:

Well, I just had another look there and at the most I'll have to pay partial stamp duty on 25% of the total cost which isn't a lot but I have asked the solicitor a number of times, so I don't see why I should have to pay it if he's wrong. Maybe I should get it in writing from him.
Thanks Redzer.

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The primary responsibility for paying your taxes is yours. If you hire an advisor and they give you incorrect advice that does not absolve you of your obligation. If the advice was clearly negligent you could sue for damages though I think even if you won it is likely the damages could be limited to any penalties and interest arising from an underpayment of tax rather than the tax itself.

Thanks for that - think i got it!!

The house costs €370,000- so 25% is 92,500

which is exempt from tax - i think!

I think you're exempt from stamp duty based on that figure. A non-FTB friend bought a new house recently for more money and didn't pay stamp duty.
Also I think I read previously on the forum that the solicitor is responsible for making the payment and they usually deduct it from your funds / charge it to you at closing stage.