Guide
How much is stamp duty in Ireland? 1%, 2%, 6% and the 15% bulk rate
Updated
Irish stamp duty is charged in slices, and there are now three separate rate structures depending on what you are buying and how many of them.
The residential rates
Revenue sets the residential rates for instruments executed on or after 2 October 2024 (Revenue):
- 1% on consideration up to €1 million
- 2% on any consideration over €1 million and up to €1.5 million
- 6% on any consideration over €1.5 million
| Purchase price | Stamp duty | How it is built |
|---|---|---|
| €300,000 | €3,000 | 1% of €300,000 |
| €450,000 | €4,500 | 1% of €450,000 |
| €1,000,000 | €10,000 | 1% of €1,000,000 |
| €1,200,000 | €14,000 | €10,000 plus 2% of the €200,000 above €1m |
| €1,500,000 | €20,000 | €10,000 plus 2% of €500,000 |
| €2,000,000 | €50,000 | €10,000 plus €10,000 plus 6% of the €500,000 above €1.5m |
Apartments are treated differently
Revenue adds a separate rule for three or more apartments in the same apartment block: 1% on consideration up to €1 million and 2% on any consideration over €1 million. There is no 6% slice in that case.
The bulk purchase rate
Section 31E of the SDCA 1999 charges a higher 15% Stamp Duty rate where a person acquires ten or more residential properties (excluding apartments) in any 12 month period.
Two details matter. The count runs over a rolling twelve months rather than a single transaction, and apartments are outside it. The rule is aimed at bulk buyers of houses, not at people buying a home.
Non-residential and mixed use
- The rate on a transfer of non-residential property, other than policies of insurance, is 7.5%, for instruments executed on or after 9 October 2019.
- On mixed use property, Revenue requires you to "pay Stamp Duty for the residential part at the Stamp Duty rate applicable to transfers of residential property" and the non-residential part at the non-residential rate.
- There is a fixed duty of €12.50 on a counterpart, or the lesser amount if the duty on the original was under €12.50.
Who works it out and when you pay
Your solicitor. Citizens Information states that "your solicitor will calculate how much stamp duty you owe on the property and ask you for this amount. The stamp duty is paid to Revenue, who put a stamp on your property deeds" (Citizens Information). Budget for it as cash on closing: it is not something a mortgage covers.
Rates were read from Revenue on the updated date above. Stamp duty changes in Budgets, and reliefs and exemptions depend on facts we do not know, so confirm with Revenue or your solicitor before you close.