Budget 2011 - effect on stamp duty

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NorfBank

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budget 2011 - d'oh - can mod change please?

A new flat rate of stamp duty on property transactions is to be introduced with [broken link removed].

There will be a flat rate of 1 per cent on all residential property transactions up to a value of €1 million, with 2 per cent applying to amounts above €1 million.

All existing reliefs and exemptions for stamp duty on residential property will be abolished. This means that 1 per cent will be paid on all residential property sales, new or old.

The new rates will apply to property transfers on or after December 8th.


I can't wait for tomorrow - the phones will be jumping :rolleyes:

[broken link removed]
 
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