When do you pay the Stamp Duty?

A

Andy_and_lou

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We are buyng a property and have to pay almost €20,000 stamp duty. When do you pay this money, straight away on purchase or is there a certain timeframe to pay it?

Thanks
 
From what I remeber you have a month to pay it, but it is best advised to pay straight away and your solicitor will havdle all that for you.
 
Technically, stamp duty is payable 30 days ( in or around) from the date of the deed - the closing date. Technically you do not have to pay it until then. Practically, your solicitor will insist that you pay it on or before completion - they are not supposed to release your loan cheque until they are in funds to stamp and register the Deed and your lenders mortgage.

If there is no mortgage, you could decide to take the extra time - my own view is that I want the deal closed and the Deed stamped and registered as soon as possible so that I can close the file and get on with another.

mf
 
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