Justin Kinsella & Associates
       

Navigation Menu
 Buying
 Selling
 Renting
 Landlords
 Tenants
 My Alerts

Contact Us
Contact Us   (01) 4903535


Contact Us   info@justinkinsella.com


Justin Kinsella & Associates How to find us?

Quick Search
All Properties



Featured Property
Featured Property

9 Dale Tree View, Ballycullen, Firhouse, Dublin 24
Semi-Detached Bungalow
Asking Price: €375,000
View Property

Buying • Stamp Duty Calculator

Stamp Duty is a tax that is applied to the purchase of properties over €125,000 not involving first-time buyers.


*** LATEST BUDGET CHANGES ***
The current exemption for first-time buyers will remain unchanged. However, the rule requiring those benefiting from this exemption to live in the house for at least five years will be changed to two years. Other changes include an increase in mortgage interest relief by €2,000 for single individuals and €4,000 for married couples.

New Stamp Duty System: (as per Budget 2008)


These new stamp duty rates are now effective.
Property Value Rate
Up to 125,000 euro Exempt
Next 875,000 euro 7%
Balance 9%


The previous rates that are no longer effective are as follows:

Property Value First Time Buyer Owner Occupier
Up to 127,000 euro Exempt Exempt
127,001 euro - 190,500 euro Exempt 3%
190,501 euro - 254,000 euro Exempt 4%
254,001 euro - 317,500 euro Exempt 5%
317,501 euro - 381,000 euro Exempt 6%
381,001 euro - 635,000 euro Exempt 7.5%
Over 635,000 euro Exempt 9%

What saving will I make on the new system?


Below is a sample of what this actually means to the purchaser.
Property Value Old Stamp Duty € New Stamp Duty €
200,000 8,000 5,250
250,000 10,000 8,750
300,000 15,000 12,250
400,000 30,000 19,250
450,000 33,750 22,750
500,000 37,500 26,250
700,000 63,000 40,250
1,000,000 90,000 61,250
1,500,000 135,000 106,250

There has been no change to stamp duty as it applies to new homes and first-time buyers.

How do I calculate how much stamp duty I will have to pay?

  • If the price of the property is €400,000, you will pay 7% stamp duty on €275,000 which equals €19,250. Under the old system the amount payable in stamp duty for a property at this price was €30,000. This constitutes a saving of €10,750.

  • If the price of the property is €1.5 million, you will pay 7% on €875,000 and 9% on the balance of €500,000. This adds up to a stamp duty rate of €106,250 and a saving of €28,750 on the previous stamp duty rates.

    •  
     

    Sub-Menu
     Search Property
     Register Account
     Mortgage Calculator
     Stamp Duty Calculator
     Buying Guide
     Jargon Talk

    Some of the many areas covered by 'Justin Kinsella & Associates' include:
  • Ballinteer Property
    		•
  • Blackrock Property
    		•
  • Celbridge Property
    		•
  • Churchtown Property
    		•
  • City Centre Property
    		•
  • Citywest Property
    		•
  • Drimnagh Property
    		•
  • Dundrum Property
    		•
  • Firhouse Property
    		•
  • Goatstown Property
    		•
  • Kimmage Property
    		•
  • Knocklyon Property
    		•
  • Lucan Property
    		•
  • Oldbawn Property
    		•
  • Rathcoole Property
    		•
  • Rathfarnham Property
    		•
  • Rathmines Property
    		•
  • Sandyford Property
    		•
  • Stepaside Property
    		•
  • Stillorgan Property
    		•
  • Tallaght Property
    		•
  • Templeogue Property
    		•
  • Terenure Property
    		•
  • Walkinstown Property
    		•
  • Wicklow Property
    		•


    © 2007 JustinKinsella & Associates Ltd. All rights reserved.

    		 Sitemap|Disclaimer|Privacy
     

    Designed & Developed by: Rico Web Design