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ARTICLE · 13 DECEMBER 2017

Stamp Duty On Property Holding Entities

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Stamp duty has been a significant focus of Ireland's Budget 2018.

IrelandTax
William Fogarty
William Fogarty
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Stamp duty has been a significant focus of Ireland's Budget 2018. The rate of stamp duty on Irish commercial property was increased from 2% to 6%. The increase did not initially apply to indirect transfers of land, such as transfers of shares in property holding companies. However, the Seanad (the Irish Upper Chamber of Parliament) has approved legislation to target such transfers.

This would, if enacted in its current form, apply the 6% rate to certain transfers of shares or securities in companies, Irish real estate funds (IREFs) or partnerships.

Based on the draft legislation, a transfer of shares or interests will be subject to 6% stamp duty where the following three conditions are satisfied:

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