If you are including contents in the sale, a pc sum for this can be deducted from the purchase price which would establish if SD was payable or not.
To pay excess over 317.5K for "contents" is of course illegal....BUT..... you will be offered cash over the 317.5K by a buyer to help with the sale as who in their right mind wants to pay €10K in tax just bacause the price of their house increased by a grand or two??
Hardly that difficult to locate. Page 6 of the [broken link removed]:That seems ridiculous. I normally find the Revenue website very helpful but TBH I find the info. on Stamp Duty very difficult to locate & follow. It has to be one of the most common topics on the site too!
The specific figures/rates may be out of date (not sure) but the general gist is clear.House Contents
Generally, stamp duty is not paid on the purchase of house contents e.g.
curtains, carpets, etc., which may pass by delivery i.e. not included in the
legal document. However, where they are part of the transaction they may
have the effect of moving the stamp duty charge into a higher rate.
Example 4
Mary, a First Time Buyer, purchases a house (inclusive of carpets, curtains
etc.) for £196,850. The cost is broken down as follows:
As the total value of the transaction is £196,850 the stamp duty rate
- House £ 190,000
- Carpets, curtains, etc. £ 6,850
- Total £ 196,850
applicable is 3%. However, the duty is calculated on the value of the house
only (i.e. £190,000).
The duty on the deed is:
£190,000 at 3% = £5,700
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