Stamp Duty and property
Rates
Residential property
The Stamp Duty rates on a transfer of residential property are:
- 1% on consideration up to €1 million
- 2% on any consideration over €1 million and up to €1.5 million
- 6% on any consideration over €1.5 million.
Where the consideration is in respect of three or more apartments in the same apartment block, the Stamp Duty rates are:
- 1% on consideration up to €1 million
- 2% on any consideration over €1 million.
A higher 15% Stamp Duty rate is charged under Section 31E of the SDCA 1999 where a person acquires ten or more residential properties (excluding apartments) in any 12 month period.
These rates apply to instruments executed on, or after, 2 October 2024.
Non-residential property (other than policies of insurance)
The Stamp Duty rate on a transfer of non-residential property (other than policies of insurance) is 7.5%. This rate applies to instruments executed on, or after, 9 October 2019.
The Finance Act 2017 increased the rate from 2% to 6%. The 2% rate applied to instruments executed on, or after, 7 December 2011. When the rate was increased to 6% the Finance Act 2017 provided for transitional arrangements.
The rates that applied to instruments executed before 11 October 2017 can be found in Schedule 1 of the Stamp Duty Manual.
Note
Information on the Stamp Duty rate that applies to transfers of shares can be found in Stamp Duty rates on transfers of shares, stocks and marketable securities.
Mixed use property
You must pay Stamp Duty for the residential part at the Stamp Duty rate applicable to transfers of residential property.
You must pay Stamp Duty for the non-residential part at the Stamp Duty rate applicable to transfers of non-residential property (other than policies of insurance).
Transfers of policies of insurance
The Stamp Duty rate is 0.1% on an instrument that assigns (transfers) a policy of (life and non-life) insurance. This rate has been in existence since before the Stamp Duties Consolidation Act 1999.
Creation of a non-life policy of insurance
There is a fixed Stamp Duty of €1 when a non-life policy of insurance is created. Your insurance company collects the duty and pays it to Revenue. You do not file a Stamp Duty Return.
Counterparts
There is a fixed Stamp Duty of €12.50 on a counterpart (duplicate). The fixed duty applies to instruments executed (signed, sealed or both) on, or after, 1 January 2002.
- Example
John agrees to let a house to Tom for four years at an annual rent of €45,000. John's solicitor drafts the lease and furnishes two originals to John. John and Tom execute (sign, seal) both originals.
Tom pays Stamp Duty at the rate of 1% on one of the originals. Tom pays a fixed Stamp Duty of €12.50 on the second original.
The amount of duty paid on one of the original instruments may be less than €12.50. If that is the case, you pay the lesser amount for each counterpart.
Calculating the amount of duty payable
When the Stamp Duty rate is fixed, you pay the fixed rate.
When the Stamp Duty rate is not fixed and there is no gift involved, you multiply the consideration by the appropriate Stamp Duty rate.
Where there is a gift and no consideration, you multiply the market value by the appropriate Stamp Duty rate.
For information on how to calculate the amount when the consideration includes a debt, please see Transfers of property.
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