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Guide to Property Fees

It is important to be aware of the costs involved in buying property.  It is not just the price of the property that needs to be considered.  There can be costs associated with obtaining a mortgage e.g. survey fees, valuation fee, insurance etc.  There are also legal fees to be considered and below is a guideline of these fees that are payable by the purchaser.

Stamp Duty

Stamp duty is the tax payable to the Government for changing the documents that specify who owns a particular property. 

Residential Property

Value of Property         Rate

Less than €1,000,000      1%

Balance                            2%

For those buying their homes under local authority tenant purchase and similar schemes, a maximum amount of €100 is charged in stamp duty.  There is no stamp duty payable on certain transfers between spouses, civil partners and cohabitants.  Stamp duty is payable on the price of the house excluding VAT.

Non-Residential Property

Single rate of 6%

Stamp duty is paid through your solicitor, to the Revenue Commissioners, who places a stamp on the property deeds. Without this stamp, the deeds cannot be registered.

Land Registry Charge/Duty

The buyer must register the property with The Property Registration Authority (formerly The Land Registry) and is subject to the following charge:

Value of Property              Fee

Less than €50,000             €400

€50,001 to €200,000         €600

€200,001 to €400,000       €700

More than €400,000          €800

Solicitor’s Fee

John A. Sinnott & Co. Solicitors will take care of all the above tasks and guide you through the entire legal process, ensuring that you have the keys to your property quickly. 

Specific quotation will be provided at initial consultation and is dependent on value of property and individual property circumstances.

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