Property Finance and Stamp Duty


After finding the property you want, you may need to organise finance and a mortgage, by speaking to your bank or broker. The mortgage calculator provided can assist.

Stamp Duty
When does a charge to Stamp Duty arise?
The stamp duties chargeable in Ireland fall into two main categories:

The first comprises the duties payable on a wide range of legal and commercial documents, including (but not limited to) conveyances of property, leases of property, share transfer forms and certain greements. The duties in this category are denoted by means of stamps affixed to or impressed on the document affected and, depending on the nature of the document, may be either ad valorem or of fixed amount.
The second category comprises duties and levies payable by reference to statements. These duties and levies mainly affect banks and insurance companies and include a duty in respect of financial cards (e.g. Credit, ATM, Laser and Charge cards) and levies on certain insurance premiums and certain statements of interest.
Companies Capital Duty
Transactions involving capital companies effected on or after the 7 December 2005 are no longer liable for the 0.5% Companies Capital Duty which was abolished in Budget 2005. For transactions effected on or after 7 December 2005 the relevant Form should be filed directly with the Companies Registration Office (CRO) together with the CRO fee.


Residential Property : The most common charge to stamp duty which affects individuals, is the stamp duty on the purchase of residential property i.e. houses and apartments. The amount of stamp duty, currently, payable depends on:

1. The price paid (or the market value where the price paid is less than market value) for the property
2. Whether the property is new or second-hand and
3. Whether you are a first time buyer, owner-occupier or investor
First Time Buyers
A first time buyer is a person who has not previously purchased or built a house or apartment anywhere in the world and who is purchasing a house or apartment for use as their principal place of residence. Where there is more than one buyer, each of the buyers must be a first time buyer to obtain the reduced first time buyer rate. The benefit obtained where the reduced first time buyer rates apply is subject to clawback provisions.

N.B. Stamp duty is set by the current government in power and can therefore be amended or abolished at any time, so please contact Monaghan Property Sales Ltd or Inland Revenue to confirm current conditions that apply.