Stamp Duty
Budget 2025
Stamp Duty rate increased from 10% to 15% where 10 or more houses are acquired in any 12-month period effective from 02 October 2024.
A 3rd rate of SD on residential properties where the value / acquisition price exceeds €1.5m.
- Property up to €1m 1%
- From €1m – €1.5m 2%
- Value exceeding €1.5m 6%
Budget 2024
Extension of stamp duty relief for the transfer of agricultural land to family members until 31 December 2028 at a rate of 1% as opposed to 7.5% [Consanguinity Relief].
Budget 2021
Extension of stamp duty relief for the transfer of agricultural land to family members until 31 December 2023 at a rate of 1% as opposed to 7.5% [Consanguinity Relief].
Farm consolidation relief extended to 31 December 2022 with no changes to the conditions to the relief.
Stamp Duty scheme which refunds a portion of stamp duty paid on acquisition of non-residential land where it is then developed will be extended until end Dec 2022.
Budget 2020
The stamp duty on non-residential property will increase by 1.5% to 7.5% with effect from 09 October 2019.
From 09 October 2019 Stamp Duty of 1% will be applicable where a scheme of arrangement involving a so called ‘cancellation scheme’, in accordance with part 9 of the Companies Act 2014, is used for the sale of a company.
Budget 2019
No changes to Stamp Duty were announced in the Budget.
Budget 2018
Stamp Duty on commercial property to increase from 2% to 6% from 11 October 2017. [Peak rate in 2008 was 9%].
Consanguinity relief is being retained, as is Young Trained Farmer Relief.
Budget 2017
No changes to Stamp Duty were announced in the Budget.
Budget 2016
Stamp duty on ATM & debit cards of €2.50 / €5 to be abolished from 01 January 2016 and replaced with a 12c ATM withdrawal fee.
This ATM withdrawal fee will be capped at €2.50 / €5 accordingly, therefore people will not be charged extra but will be rewarded for less cash withdrawals and incentivised to pay via debit card transactions.
Stamp Duty exemption for Young Trained Farmers is being extended until 31 December 2018.
Budget 2015
Agricultural leases between 5 and 35 years in duration to active farmers will be exempt from Stamp Duty.
Consanguinity Relief is extended for a further 3 years on non-residential property.
The rate of Stamp Duty on residential property is currently 1% on proerties under €1m and 2% over that limit. This applies from transactions executed on or after 08 December 2010 with transitional arrangements in place.
The following Stamp Duty reliefs have been abolished;
- Transfer of site from parent to child
- New dwelling houses / apartments with floor area exceeding 125 sq.m
- Residential property first time purchaser relief
- Consanguinity relief in relation to residential properties only
With effect from 07 December 2011 the rate of Stamp Duty on commercial property and farmland will be reduced from 6% to 2%.