B3(i) Large New House/Apartment (Floor area exceeding 125 sq. m) with Unitary Contract for Sale with Certificate that complies with Section 92(1)(b)(ia) (See **Note below) (See ***Note below)
First-time purchasers, as Owner/Occupiers, of new (greater than 125sq m) and second-hand houses/apartments will be eligible for stamp duty exemption for all instruments dated on or after the 31st March 2007.
For Instruments prior to 31st March 2007 - First Time Buyer (Owner Occupier) Stamp Duty - Rates 1.
Stamp Duty payment is calculated on 25% of the total Vat exclusive consideration (as provided for by Section 48/56, Stamp Duties Consolidation Act, 1999).
For instruments dated on or after 2nd December 2004 and before 31st March 2007 Stamp Duty is calculated at the appropriate rate where the chargeable consideration exceeds €317,500 (See *** Note below).
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 who is also a First Time Buyer
Instrument (executed on/after 5th November 2007) -
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 deed then the relief does not apply.
***Note: Please note that Revenue confirm that where the total consideration recited in the instrument refers to a Unitary contract, the instrument can be certified that Section 29 Stamp Duties Consolidation Act does not apply.