Stamp Duty On Licence Agreement Ireland

The acquisition of land through the sale of shares in a company was considered by Mr. Marren to be an “attractive option”, given that the tax levied on the transfer of shares in a company was 1% of the consideration, which in most cases represents a stamp duty saving of 8%. People who rent new or used houses or apartments are considered investors. Under the rules in force until 8 December 2010, investors were subject to the same stamp duty rates as non-first users. During the boom, developers avoided paying stamp duty on land purchases, either by leaving the transaction “on contract” or by using licenses or long contracts for leases. Stamp duty applies to residential property, such as houses, dwellings or land with a construction agreement. It is also payable on non-residential property, i.e. land or dwellings without a residential building – see prices below. Your lawyer will calculate the amount of stamp duty and ask you for it before the sale closes.

The amount is paid to the returned Commissions who put a stamp on the ownership instruments. Without this stamp, documents cannot be saved. A fixed-term lease is a contract covering a given period of time. It is usually (but not always) stipulated in a written contract called a rental agreement. It can be for any period, but can range from just 6 months to a year or more. As for a temporary rental contract, it is worth noting the following points: There is information (pdf) about revenue.ie how large gardens, parking spaces and marina mooring places are treated for stamp duty purposes. You can also read more about revenue.ie on stamp duty on real estate in general. If the annual rent is more than 30,000 euros on the lease of residential housing, the tenant is responsible for stamp duty on the annual rent. It is your responsibility, as a tenant, to pay this to Revenue. When a transfer of ownership takes place within a group of companies, Marren said a “substantial reduction in stamp duty” was possible. “It is possible, in a number of cases, to structure a transaction in such a way as to avoid stamp duty.” Tom Marren, Reddy Charlton McKnight`s partner for over 20 years and a specialist in commercial real estate, told the seminar: “For any type of significant transaction, the effective rate of stamp duty is now 9 per cent and it now takes a lot of time and thought to determine whether it is legally possible to avoid stamp duty in a real estate transaction.