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Consideration

  1. Overview
  2. Leases
  3. Transfers of property
  4. VAT-exclusive consideration
  5. Consideration in a foreign currency
  6. What if you do not know the consideration?

VAT-exclusive consideration

If you buy or lease a new property, the price may include VAT. You do not pay Stamp Duty on VAT.

If the consideration includes VAT, you must work out the VAT-exclusive amount. You pay Stamp Duty on the VAT-exclusive amount.

  • Example

    You purchase a new house for €400,000 which includes VAT at 13.5%.

    To work out the VAT-exclusive price you divide €400,000 by 1.135 (€400,000 ÷ 1.135). This equals €352,422.90.

    You pay Stamp Duty on the VAT-exclusive consideration of €352,422.90.

Next: Consideration in a foreign currency

Published: 07 July 2023 Print this page

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