Taxes in Europe Database v2
Duty on Documents and Transfers Act, Chapter 364.
Transferee to whom immovable property is being transferred.
Duty tax is applied to deeds subjected by law to registration (Duty on Documents and Transfers Act No. XVII of 1993, Chapter 364).
The basis of assessment is the market value or the value of the consideration on any immovable or any real right over an immovable being transferred, whichever is the higher.
Exemptions derived from the Duty on Documents and Transfers Act, XVII of 1993
Furthermore, till June 2015 no duty shall be paid on the first €150,000 of the value of an immovable property (representing a duty saving of up to €5,250) purchased for residential purposes by persons who never owned any immovable property
Tax is payable upon registration of the deed, which is compulsory within fifteen working days following that on which the document or transfer is completed.
Commissioner of Inland Revenue - Inland Revenue Department.