Stamp Duty

[Lemurz]

I'm currently bidding on a secondhand house and the bids have just reached €317,500. Am I correct in assuming the appropriate rate of stamp duty is calculated on this gross price and not the price after deducting 13.5% VAT?

 

[mf]

On a secondhand property, VAT is not an issue for calculating stamp duty. At E317500.01, the Stamp Duty rate changes so the real cost for a purchaser is the increased price PLUS the increased stamp duty.

mf

 

[ajapale]

I find the following calculator very handy:
[broken link removed]
ajapale

 

[EAMONN66]

the problem with this is that frequently when bidding you come up against clueless people who push up prices without fully understanding the cost implications.