Increase In Stamp Duty Rates On Certain Property Transactions

As part of Budget 2025, the Minister for Finance announced two stamp duty rate increases that are effective from 2 October 2024.

Rate Increases

The two stamp duty rate increases (the "New Measures") are:

• An increase in the higher rate of stamp duty that applies on the "bulk purchase" of ten or more residential units (excluding apartments) in a twelve-month period from 10% to 15%.
• The introduction of a third rate of stamp duty on the sale of residential properties valued at more than €1.5 million. The 1% rate will continue to apply on the first €1 million consideration, the 2% rate will continue to apply on the next €500,000 consideration with the new 6% rate applying to the amount of consideration over €1.5 million.