MonkeyFeet
Registered User
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- 46
I have recently purchased a parking space for my apartment.
I have been living in my apartment for 4 1/2 years now, while I couldn't afford to purchase the parking space initially the opportunity arose to buy one last year. I bought it as a first time buyer and paid no stamp duty as it was a new property.
My neighbour sold her apartment with one parking space but also had a second parking space which she sold to me.
I paid €30000 for the parking space, which took a while to complete due to the parking space being on the deed of another apartment.
My solicitor has just rang to inform me that Revenue have deemed this purchase as a commercial purchase and as a result I must pay stamp duty. The bill comes to €690!! Not a nice way to start the year.
Can anyone help me, is this correct? I'll be using the parking space for my own personal use, and I live at the same address.
Thanks for your help
I have been living in my apartment for 4 1/2 years now, while I couldn't afford to purchase the parking space initially the opportunity arose to buy one last year. I bought it as a first time buyer and paid no stamp duty as it was a new property.
My neighbour sold her apartment with one parking space but also had a second parking space which she sold to me.
I paid €30000 for the parking space, which took a while to complete due to the parking space being on the deed of another apartment.
My solicitor has just rang to inform me that Revenue have deemed this purchase as a commercial purchase and as a result I must pay stamp duty. The bill comes to €690!! Not a nice way to start the year.
Can anyone help me, is this correct? I'll be using the parking space for my own personal use, and I live at the same address.
Thanks for your help