Buyers can now benefit from a reduced stamp duty rate of 1.5% from the current 5%. The measure can be availed of by all buyers who sign their property contract by end of March 2021. Pending promise of sale agreements can also avail of the stamp duty exemption. The measure applies for residential properties only and covers the first €400,000 of the property value.
First Time buyers will still be exempt from paying stamp duty on the first €175,000 of the price of the property, but the first-time buyers’ scheme will be adjusted so that those who had bought a garage would still be eligible. *Read more