B3(ii) Large New House/Apartment (Floor area exceeding 125 sq. m) with Unitary Contract with Certificate that complies with Section 92(1)(b)(ia) (See **Note below) (See ***Note below)
Owner/Occupier Stamp Duty - Rates 2.
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). Stamp Duty is calculated at the appropriate rate where the chargeable consideration exceeds €127,000 (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 on or after 5th November 2007
Example: Relief for Owner Occupier prior to 5th November 2007
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.