The basic principle of Stamp Duty is that it is a duty or tax on documents and not on transactions or persons.

Therefore if a transaction or transfer can be carried out legally without the use of a written document, then there is nothing to be stamped and therefore no charge to Stamp Duty.

Stamp duty is also charged, in the form of a levy, on insurance premiums, credit cards, and bank cards.

Rates of tax (deeds)

A. Transfer

A transfer of land or buildings is charged:

(a) non-residential property, at 2%,

(b) residential property, at

(i) 1% on the first €1,000,000 of consideration, and at

(ii) 2% on the remainder.

A transfer for less than full value (for example, a gift) is charged on the market value

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