Impact of Stamp Duty Changes on the Irish Commercial Property Market
||McGreal, Stanley; McParland Clare; Jones Long La Salle
||Impact of Stamp Duty Changes on the Irish Commercial Property Market
||10th European Real Estate Society Conference (10-13 June 2003) Helsinki, Finland
||In the December 2002 Irish Budget, stamp duty on all commercial transactions over Ä150,000 was increased by 50% from 6% to 9%. This effectively means that an investor seeking entry into the Irish commercial property market is required to pay acquisition costs of 11.42%. This comprises 9% stamp duty, legal costs of 1% plus VAT, and agent/acquisition costs of a further 1% plus VAT.
Post discussion ...
||Session 2, Taxation and Public Policy
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