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Stamp
Duty Deadline
31 December 2005
Stamp duty relief on the transfer of land to certain young
trained farmers is due to expire on 31 December 2005 (unless
renewed in Budget 2006).
Stamp Duty Rates
From 2 December 2004 the rates of stamp duty applicable
to residential property in respect of transfers on or after
that date are as follows:
Market
Value |
First Time
Buyers
|
Investors and
other Owner
Occupiers |
|
Up to €127,000 |
NIL |
NIL |
| €127,001
- €190,500 |
NIL |
3% |
| €190,501
- €254,000 |
NIL |
4% |
| €254,001
- €317,500 |
NIL |
5% |
| €317,501
- €381,000 |
3% |
6.% |
| €381,001
- €635,000 |
6% |
7.5% |
| Over €635,000 |
9% |
9% |
The rate of stamp duty applicable on non residential land
is:
Market Value
|
|
|
| Up to €10,000
|
|
NIL
|
| €10,001 -
€20,000
|
|
1%
|
| €20,501 -
€30,000
|
|
2%
|
| €30,001 -
€40,000
|
|
3%
|
| €40,001 -
€70,000
|
|
4%
|
| €70,001 -
€80,000
|
|
5%
|
| €80,001 -
€100,000
|
|
6%
|
| €100,001
- €120,000
|
|
7%
|
| €120,001
- €150,000
|
|
8%
|
| Over €150,000
|
|
9%
|
Capital Duty Rates
Capital duty is imposed at the rate of
0.5% with effect from 2 December 2004 on chargeable transactions
of a capital company. Prior to that date the rate was
1%.
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