Thanks for that.....I am still not sure though. It says the following on their site
the first €100,000 is zero rated, the next €350,000 is paid at 5% and the balance is charged at 9%. This means that major savings are made on stamp duty costs at each house price level.
But as I am a FTB do I have to pay 0% on the first 100,000 and then 5% on the next 350,000....or do I pay nothing until after 450,000. Its not really clear from their website.
Hi
Can anyone clarify this for me.
Fine Gael have outlined their policy on stamp duty here
[broken link removed]
If I am a first time buyer and want to buy a house over 450,000 (lets say 600,000). Do I pay 5% on everything above 100,000 OR do I only pay 5% on the portion over 450,000......ie on 150,000.
Thanks
Is it not true that the stamp duty will only be dealt with in the next budget whoever is in government or have they said they will do it straight away ? seems vague to me ,BUT ITS A FAIR SYSTEM that only charges on the ammount above the threshold not revert to the whole lot .has everybody forgot about the other issues ? childcare ,state of our schools etc.
I'd imagine if you went sale agreed now the old regime would still apply on completion.
Not so sure on this: I would have thought stamp duty payable would be based on either a) when contracts or signed or b) the closing date of the sale......
Anyone got clarification?
It must be remembered that their SD proposal as stated here [broken link removed] is among another 55 pages of proposals, which will take about 20 years of Dail work to implement them all.
Any govt can implement a stamp duty change overnight at any time of the year if they wish. There is nothing forcing them to wait until the Budget.Is it not true that the stamp duty will only be dealt with in the next budget whoever is in government or have they said they will do it straight away?
As far as I know Fine Gael said they would implement any stamp duty changes immediately so as to stabilize the market....
That’s why I was thinking if we went sale agreed in two weeks and closed end of June we might be OK
Thats assuming Fine Gael get in
I don't understand this. The annual Finance Act runs to hundreds of pages and takes only a few weeks to pass through both houses of the oireachtas.
See 2000 FA example here, extending to 304 pages http://www.finance.irlgov.ie/documents/publications/legi/fnact00.pdf
298 pages large text (last 6 are blank) of Budget amendments and substitutions cannot be compared to one paragraph of the Fine Gael policy. For example the "Better Health" agenda contains an example of an additional 2,300 beds that would take a minimum of 2 or 3 years to implement with the best will in the world.
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