Buying Irish property

What taxes do you need to pay?

Note

This guidance applies to real or immoveable property located in the State. Real or immovable property refers to land, buildings, and other things attached to that land.

Stamp Duty

When real or immovable property is sold, ownership is normally transferred or conveyed to the purchaser by formal deed. This deed is referred to as an instrument in stamp duty legislation, and is chargeable to stamp duty.

You must ensure that:

• Stamp Duty is paid
• and
• a Stamp Duty return is filed in relation to this instrument.

Most purchasers arrange for a solicitor to pay and file on their behalf. For more information, please see Stamp Duty and property.

Local Property Tax (LPT)

The amount of LPT you will have to pay depends on the market value of your property. The market value is the best price that you could sell your property for on the open market.

Before you buy a property, you must ensure you obtain the LPT property identification (ID) number and the valuation from the seller. You must also check that all LPT returns and payments have been filed and are up to date.

See the Local Property Tax (LPT) section for more information.

Vacant Homes Tax (VHT)

VHT applies to residential properties in use as a dwelling for less than 30 days in a 12-month chargeable period. It is an annual, self-assessed, tax. It is the responsibility of the property owner to assess their liability and comply with their VHT obligations.

Please see the Vacant Homes Tax (VHT) section for further information.

Next: What reliefs are available?