Malcolm Byrne
Question:251. Deputy Malcolm Byrne asked the Tánaiste and Minister for Finance his views on the removal of stamp duty on second hand homes for first-time buyers. [48750/26]
View answerThursday, 25 June 2026
Questions (251)
Written answers
Stamp Duty is a tax charged on documents (deeds) which transfer ownership of property. It is payable by the “accountable person”, who in the case of a sale of residential property is the purchaser. Where there is more than one accountable person, each person is jointly and severally liable to pay Stamp Duty.
Schedule 1 to the Stamp Duties Consolidation Act (SDCA) 1999 provides for Stamp Duty to be charged on transfers of residential property. The standard rates that apply are:
• 1 per cent on the consideration up to €1 million,
• 2 per cent on any consideration exceeding €1 million up to €1.5 million, and
• 6 per cent on any consideration exceeding €1.5 million.
These standard rates apply regardless of whether or not the purchaser is a first-time buyer and regardless of whether the residential property is new or second-hand.
Further details of the Stamp Duty rates on residential property are published on the Revenue website at www.revenue.ie/en/property/stamp-duty/property/stamp-duty-property/rates.aspx.