Stamp Duty Question

Hi,

Can you help me out please.
Bought an investment property for €245,000.

My stamp duty calculations on this were as follows:

245,000 - 13.5% VAT = 211,925

==> Stamp Duty = 211,925 x 4% = €8,477


Since the budget, my new calculations are as follows:

245,000 - 13.5% VAT = 211,925

211,925 - 125,000 = 86,925

Stamp Duty = 86,925 x 7% = €6084.75

Does this look correct, or am I completely wrong?

Thanks

Moved from Savings and Investments.

ClubMan said:

Another Stamp duty Question

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Jeeze this site should be renamed:

Askaboutstampduty.com