S Solutions Registered User Messages 46 28 Aug 2006 #1 Can anyone please confirm how Stamp duty is calculated (say on a 238k house) and how VAT is used to reduce this on new properties?
Can anyone please confirm how Stamp duty is calculated (say on a 238k house) and how VAT is used to reduce this on new properties?
C ClubMan Registered User Messages 49,232 28 Aug 2006 #2 Stamp duty on a house worth €238 is 4% for an investor. See . Can't answer the VAT question I'm afraid.
Stamp duty on a house worth €238 is 4% for an investor. See . Can't answer the VAT question I'm afraid.
C Carpenter Registered User Messages 2,607 28 Aug 2006 #3 Solutions said: Can anyone please confirm how Stamp duty is calculated (say on a 238k house) and how VAT is used to reduce this on new properties? Click to expand... On a new property stamp duty is calculated on the nett price (exclusive of VAT) so therefore the duty hit on a new build is not as punitive.
Solutions said: Can anyone please confirm how Stamp duty is calculated (say on a 238k house) and how VAT is used to reduce this on new properties? Click to expand... On a new property stamp duty is calculated on the nett price (exclusive of VAT) so therefore the duty hit on a new build is not as punitive.
L liteweight Registered User Messages 1,678 29 Aug 2006 #4 The VAT in this case is at 13.5% which would be included in the 238K purchase price.