|
|
|
Welcome to P&W O'Brien
Auctioneers. From our web site, you can search our database of properties in the
Limerick region. Please use the menu on the left to select the type of property
that you are interested in.
Stamp duty
Change in Stamp Duty Rates for First-time Buyers of Second-hand Residential Property
The Stamp Duty rates for first-time buyers who are owner occupiers of second hand residential property have changed. Existing and new stamp duty rate structures are shown below:
THRESHOLDS | EXISTING FIRST-TIME BUYERS RATE | NEW FIRST TIME BUYERS RATE | Up to 127,000 | Exempt | Exempt | 127,001 to 190,500 | Exempt | Exempt | 190,501 to 254,000 | 3% | Exempt | 254,001 to 317,500 | 3.75% | Exempt | 317,501 to 381,000 | 4.5% | 3% | 381,001 to 635,000 | 7.5% | 6% | Over 635,000 | 9% | 9% |
First time buyers who are owner-occupiers will continue to be exempt from stamp duty on new residential property with a floor area of up to 125 square metres. Partial relief based on the new rate structure outlined above, will continue to apply to such buyers where the floor area of the property exceeds 125 square metres. |
|
|
