Current Rates of Duty on Residential Property
The rates of duty applicable for residential property (whether new or second-hand) are as follows:
| Aggregate Consideration | Rate of Duty |
|---|---|
| First €1,000,000 | 1% |
| Excess over €1,000,000 | 2% |
Example 1:
Consideration = €350,000
Rate Breakdown - €350,000 @ 1%
Total Duty Payable = €3,500
Example 2:
Consideration = €1,850,000
Rate Breakdown - €1,000,000 @ 1%, €850,000 @ 2%
Total Duty Payable = €27,000
Updated February 2011