Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 02 FEBRUARY 2012

Budget 2012 – Summary Of Changes Affecting The Property Market

Dillon Eustace
Dillon Eustace
Contributor
Dillon Eustace

Dillon Eustace

Dillon Eustace is one of Ireland’s leading law firms focusing on asset management and investment...

View firm profile
Explore more from Dillon Eustace

The changes introduced by the recent budget should have a positive impact on the property market in Ireland.

IrelandReal Estate and Construction
Dillon Eustace
Dillon Eustace
Author LinkedIn connections

Introduction

The changes introduced by the recent budget should have a positive impact on the property market in Ireland. These changes are summarised as follows:-

Stamp Duty

The stamp duty rate for commercial properties has been reduced from 6% to 2%, irrespective of the acquisition cost of the property. This new rate applies to instruments executed on or after 7 December, 2011.

There was no change in the rate of stamp duty payable in respect of residential properties which remains at 1% for properties up to a value of 1 million euro and 2% for properties with a value of in excess of 1 million euro.

Consanguinity relief, which reduces the stamp duty liability by 50% (if certain criteria are met), will cease to apply to non-residential property for instruments executed after 31 December 2014.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Rental Law Update: Recent Enactments Under The Housing And Residential Tenancies (Miscellaneous Provisions) Act 2026

Ireland's residential tenancies regime has undergone further significant reform through the Housing and Residential Tenancies (Miscellaneous Provisions) Act 2026, introducing new enforcement mechanisms and procedural changes that landlords must navigate. The RTB now wields expanded powers including fixed payment notices for compliance breaches, while adjudication hearings have shifted to public forums with published outcomes.
IrelandReal Estate and Construction
RDJ LLP
RDJ LLP
Article

Residential Tenancies: Further Enhanced Dispute And Enforcement Changes Now In Operation

The Housing and Residential Tenancies (Miscellaneous Provisions) Act 2026 has reached near-complete implementation with the commencement of critical enforcement provisions. The Residential Tenancies Board now has expanded powers through both High Court and District Court mechanisms, fundamentally changing the compliance landscape for residential property managers. With only one minor provision remaining uncommenced, landlords and property managers face an urgent need to review their registration and complia
IrelandReal Estate and Construction
Arthur Cox
Arthur Cox
Article

RTB Enforcement Powers Expanded: What Residential Landlords, PRS And BTR Operators Need To Know

Ireland's residential rental sector has undergone significant transformation with the enactment of two major pieces of legislation in 2026. The Housing and Residential Tenancies (Miscellaneous Provisions) Act 2026 introduces substantial changes to compliance requirements, enforcement mechanisms, and dispute resolution processes that landlords and property managers must navigate. These reforms include new fixed payment notice regimes, extended timeframes for RTB proceedings, increased penalties, and stricter
IrelandReal Estate and Construction
Arthur Cox
Arthur Cox
Article

PWC: Adjustments To The Contract Sum (Part 1)

Construction contracts under the Public Works Contract establish a rigorous procedural framework that contractors must navigate before any valuation of variations or compensation events can occur. This analysis examines the critical distinction between establishing entitlement through proper claims procedures and the subsequent valuation process, exploring how failure to comply with notice requirements and conditions precedent can bar claims regardless of their underlying merit.
IrelandReal Estate and Construction
William Fry LLP
William Fry LLP
Article

PWC: Adjustments To Contract Sum (Part 2)

This article examines the mandatory Clause 10.6 valuation hierarchy under the Public Works Contract, exploring how adjustments to contract sums are calculated through rate-based and cost-based methods. It analyzes the legal framework governing variations, from contractual valuation rules through to residual remedies of fair valuation and quantum meruit, with particular attention to preliminary overheads and the procedural discipline required of employers and Employer's Representatives.
IrelandReal Estate and Construction
William Fry LLP
William Fry LLP
Article

Irish Budget 2027: Key Tax Measures For The Financial Services Industry

Ireland's Budget 2027 introduces a lower exit tax rate for fund investors, clearer rules for Irish ETFs, and a new Retail Investment Account, while leaving the controversial eight-year deemed disposal rule unchanged. The package also includes Pillar Two updates, interest relief reforms, and a capital gains tax reduction, offering targeted refinements for the financial services sector rather than the fundamental reform many had anticipated.
IrelandTax
Dillon Eustace
Dillon Eustace
Article

CIMA’S New AML Audit Rules Effective 18 September 2026 And What Investment Funds Need To Know

The Cayman Islands Monetary Authority has introduced sweeping changes to anti-money laundering audit requirements for investment funds, mandating independent audits of entire compliance programmes by September 2026. This marks a fundamental departure from previous practice where internal AML officers could conduct their own testing, raising critical questions about implementation timelines, qualified auditor availability, and compliance costs for funds operating in the jurisdiction.
Cayman IslandsWealth Management
Dillon Eustace
Dillon Eustace
Article

AMLD6 And Beneficial Ownership Central Registers: New Access Rules In Ireland

Ireland has introduced significant amendments to its beneficial ownership registers in 2026, implementing the Sixth Anti-Money Laundering Directive (AMLD6) framework. These reforms fundamentally restructure access rights to the Central Register of Beneficial Ownership of Trusts and Corporate Entities, moving away from unrestricted public access toward a tiered system that balances transparency with privacy rights while maintaining accessibility for legitimate anti-money laundering purposes.
IrelandCorporate/Commercial Law
Dillon Eustace
Dillon Eustace
Article

SFDR 2.0 Trialogue Negotiations: Key Areas Of Focus For Fund Managers

The European Commission's proposed overhaul of the SFDR regime is entering crucial trialogue negotiations, with the Irish Presidency aiming to reach agreement by year-end. While the Council and Parliament have aligned on key issues like professional investor opt-outs, significant divergences remain on exclusion criteria for Transition funds, PAI reporting requirements, and engagement strategy disclosures that will shape the future of sustainable finance regulation.
European UnionFinance and Banking
Dillon Eustace
Dillon Eustace