Revenue eBrief No. 004/25

06 January 2025

Stamp Duty Guidance Updated

The rates of Stamp Duty applying to the acquisition of residential property were increased by section 90 of Finance Act 2024, which was signed into law on 12 November 2024.

The revised standard rates are:

• 1% on the consideration up to €1 million,
• 2% on any consideration exceeding €1 million up to €1.5 million, and
• 6% on any consideration exceeding €1.5 million.

This amendment also provides that the new 6% rate will not apply on the acquisition of 3 or more apartments in the same apartment block.

In addition to the standard rates, section 31E of the Stamp Duties Consolidation Act 1999 provides for a higher rate of Stamp Duty to be charged on certain acquisitions of residential property. This higher rate applies where a person acquires 10 or more residential properties, excluding apartments, in any 12-month period. The revised higher rate is increased from 10% to 15%.

The revised rates apply in respect of instruments executed on or after 2 October 2024.

The following Stamp Duty Manuals have been updated to reflect these changes:

• Schedule 1 – Stamp duties on instruments
• Section 83DA - Repayment of stamp duty under affordable dwelling purchase arrangements
• Section 83DB – Repayment of stamp duty in respect of certain residential units
• Section 31E – Stamp Duty on certain acquisitions of residential property.

In addition to the above, Notes for guidance - Stamp Duty 2024 have been published, which reflect the Finance Act 2024 changes to the SDCA.