E EC1 Registered User Messages 48 6 Feb 2006 #1 Just wondering what stamp duty rate would be applicable on a house costing €345,000 (for an investment) — do you subtract the VAT from the price and then calculate or how does it work. So, what rate and on what figure??? TIA
Just wondering what stamp duty rate would be applicable on a house costing €345,000 (for an investment) — do you subtract the VAT from the price and then calculate or how does it work. So, what rate and on what figure??? TIA
M mf1 Registered User Messages 4,435 6 Feb 2006 #2 House is new or secondhand? VAT does not come into it if its second hand and duty is @6% amounting to E20700.00. If new, its full rate (6%) on purchase price (less VAT). mf
House is new or secondhand? VAT does not come into it if its second hand and duty is @6% amounting to E20700.00. If new, its full rate (6%) on purchase price (less VAT). mf
F Friday Registered User Messages 64 6 Feb 2006 #3 The purchase price of a new house is inclusive of 13.5% VAT. If you register for VAT this is refundable. Rental income will then attract VAT.
The purchase price of a new house is inclusive of 13.5% VAT. If you register for VAT this is refundable. Rental income will then attract VAT.
E EC1 Registered User Messages 48 6 Feb 2006 #4 New build — so, that would be 345,000 less 13.5% Does that bring the stamp rate down to 5% then? Also, how do you mean rental income will attract VAT if I register?
New build — so, that would be 345,000 less 13.5% Does that bring the stamp rate down to 5% then? Also, how do you mean rental income will attract VAT if I register?
E EC1 Registered User Messages 48 6 Feb 2006 #5 It's OK — I've since found out the rate would be 5% as it would be based on 303,000.