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Generic Tax Name Stamp duty - Conveyance duty
Tax name in the national language Stamp duty on property
Tax name in English Stamp duty on property
Member State IE-Ireland
Tax in force since 1999/01/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other

Social security contribution Employers
Employees
Other
 
Legal base

Stamp Duties Consolidation Act 1999 as amended by later Finance Acts, up to and including Finance  Act 2014.

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments

 
Geographical Scope

Republic of Ireland.

 
Taxpayers

Individual or company receiving the property through conveyance.

 
Tax object and basis of assessment

Instruments of conveyance or transfer of land, houses and other property other than stocks and marketable securities, policies of insurance or policies of life insurance.

 

Duty is payable on the consideration (price) recited in the instrument of conveyance or transfer. In the case of gifts, or where the consideration is deemed to be inadequate, the duty is charged on the value of the property being conveyed or transferred.

 
Deductions, Allowances, Credits, Exemptions

Main Exemptions:

Duty is not chargeable on an instrument:

  • effecting a transfer of property between spouses
  • effecting a transfer of land to a charity in the State or Northern Ireland
  • effecting certain transfers between companies in the course of a reconstruction or amalgamation transaction
  • effecting a transfer of property between associated companies
  • effecting a transfer of land to a qualifying young trained farmer

Recently abolished or expired exemptions:

Up to 7 December 2010, duty was not chargeable on an instrument:

  • effecting a transfer of residential property with a value up to €127,000
  • effecting a transfer to first-time buyers who comply with certain conditions 
  • effecting a transfer of a new house or apartment with a floor area up to 125 sq. metres
  • effecting a transfer of a site up to €500,000 in value from parent to child

Up to 30 June 2011, Stamp Duty was not chargeable on an instrument effecting certain transfers of land where a farmer consolidates his/her holdings.

 
Rate(s) Structure

Residential Property 

Up to 7 December 2010

Value of Property Rate of Duty

Up to €125,000........................... 0%

next €875,000............................. 7%

balance...................................... 9%

 

From 8 December 2010

Value of Property Rate of Duty

Up to €1 million............................ 1%

Over €1 million.............. 2% on excess

 

Non-Residential Property

Up to 6 December 2011

Aggregate Consideration Rate of Duty

Up to €10,000........................ Exempt

€10,001 to €20,000...................... 1%

€20,001 to €30,000...................... 2%

€30,001 to €40,000...................... 3%

€40,001 to €70,000...................... 4%

€70,001 to €80,000...................... 5%

Over €80,000.............................. 6% 

From 7 December 2011

Single rate, any consideration: 2%

 
Tax due date

To be submitted with filing of self-assessed Stamp Duty return within 30 days of the date of execution of the instrument of transfer.

 
Tax collector

Revenue Commissioners

 
Special features

The rate of duty is reduced by 50% for transfers between certain related persons.  From 8 December 2010, this relief ("consanguinity relief") applies to non-residential property only.  From 1 January 2015 it is limited to transfers of agricultural land under specific conditions.

 
Economic function







Comments
 
Environmental taxes



Comments
 
Tax revenue
ESA95 code d214b

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 105.41 EUR 0.06
2011 135.00 EUR 0.08
2010 199.00 EUR 0.12
2009 329.00 EUR 0.19
2008 1,045.00 EUR 0.56
2007 2,381.00 EUR 1.21
2006 2,989.00 EUR 1.62
2005 2,002.00 EUR 1.18
2004 1,461.00 EUR 0.94

Comments