Stamp duty is a tax on buying a home. Your solicitor pays it to Revenue when the sale closes, so budget for it on top of the price.
The rates on a home
- 1% on the first €1,000,000
- 2% on the part between €1,000,000 and €1,500,000
- 6% on the part above €1,500,000
Worked examples
- A home bought for €450,000: 1% of €450,000 = €4,500
- A home bought for €750,000: 1% of €750,000 = €7,500
- A home bought for €1,200,000: 1% of €1,000,000 plus 2% of €200,000 = €10,000 + €4,000 = €14,000
On a new build
The price of a new home includes VAT, and stamp duty is worked out on the price without the VAT.
Remember: you pay on what you pay, not the asking price
In much of the country homes sell above asking, so work out stamp duty on your likely final price. See what homes near you sold for against their asking price, or check a specific house.
To work it out on any price, and on what homes in your county are likely to sell for, use the stamp duty calculator.