Are you a first-time property buyer? If you are you may have some concerns and worries about the timing of the various payments you will need to make to buy your first piece of real estate. Let’s take a look, shall we? The first payment you will be expected to make will be a booking … Read more
Stamp duty on residential property in Ireland is 1% of the purchase price of the property. If there is no purchase price-for example a gift-stamp duty is calculated on the market value of the property. For example, if you buy a secondhand house for €250,000 your stamp duty will be 1%-that is, €2,500. New Houses … Read more
Thinking about buying property in Ireland? You are living outside Ireland? Or you are not an Irish citizen? Firstly, the good news is that there is no restrictions on non Irish citizens buying property in Ireland; and this applies whether you are an EU national or a non-EU national. The bad news, however, is that … Read more
Stamp duty is a tax on documents and most peoples experience with stamp duty will be in relation to property purchase which gives rise to the notion that stamp duty is applied to property. But it is actually a tax on the instrument which witnesses the property transaction and you will also see stamp duty … Read more