Stamp Duty

L

Lemurz

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