B2(ii). Large New House/Apartment (Floor Area exceeding 125 sq.m) with Site Contract and Building Agreement for a house/apartment with a Certificate that complies with Section 92(1)(b)(ia) (See **Note below)
Owner/Occupier Stamp Duty - Rates 2
The chargeable consideration is the greater of - the VAT exclusive consideration paid for the site or 25% of the total VAT exclusive consideration (as provided for by Section 48/56, Stamp Duties Consolidation Act, 1999).
Stamp Duty is calculated at the appropriate rate where the amount exceeds €127,000
VAT is calculated at 13.5% from 1st January 2003.
As your client is an Owner Occupier, please read the important section on clawback.
Example: Relief for Owner Occupier on or after 5th November 2007
Example: Relief for Owner Occupier prior to 5th November 2007
Instrument -
Conveyance
Lease
**Note: The Floor Area Compliance Certificate (relating to the floor area size of the property only) in respect of the property must exist and be signed by a qualified architect, engineer or surveyor. If this Certificate has not issued in respect of the property at the date of execution of the instrument then the relief does not apply.