FREQUENTLY ASKED QUESTIONS 

What is stamp duty?  
Stamp duty is a tax paid to Revenue when transferring property ownership. For residential properties, rates are 1% on the first €1 million and 2% on any excess. New builds are taxed on the property value minus VAT (13.5%). It applies to both residential and commercial properties, with rates of 1% and 7.5%, respectively. Payments are arranged by your solicitor upon property purchase. 
Who does stamp duty apply to? 
It applies to anyone buying residential or commercial property. Rates for residential properties are 1% on the first €1 million and 2% on any excess. Non-residential property rates are 7.5%. Exemptions include local authority tenant purchases and transfers between spouses. 
When do you pay stamp duty on residential properties? 
Your solicitor arranges payment upon property purchase. Stamp duty is calculated based on property type and purchase price. For residential properties, it's 1% on the first €1 million and 2% on any excess. 
How do you calculate stamp duty rates? 
Rates depend on property type and purchase price. For residential properties, it's 1% on the first €1 million and 2% on any excess. Non-residential properties are taxed at 7.5%. 

What Is The Residential Tenancies Board (RTB)? 

The Residential Tenancies Board (RTB) was established in 2004 to manage a national tenancy registration system and resolve disputes between landlords and tenants. Additionally, it offers policy advice to the government on the private rented sector. The RTB's dispute resolution service replaces the courts for most landlord and tenant disputes. However, it cannot provide legal advice or specific guidance to either party involved in a dispute in order to maintain neutrality. 

 What Do You Need To Do To Ensure Your Property's Energy Efficiency with a BER Certificate?  

 
Since January 1st, 2009, a BER certificate has been mandatory for all homes being sold or rented in Ireland. 
If you're buying or renting a new property, you're entitled to a BER certificate—simply ask the seller or landlord for it. 
 
Understanding BER Ratings:  
 
A Building Energy Rating (BER) assesses a home's energy efficiency, impacting both utility bills and environmental footprint. Higher BER ratings indicate lower energy consumption and reduced CO2 emissions. Ratings range from A to G, with A-rated homes being the most efficient and G-rated ones the least. 
 
Checking Your BER Rating:  
 
To find out your property's BER rating, utilize the National BER Register provided by the SEAI. BER Certificates are mandatory when selling or renting a home and are valid for up to ten years. 
 
 
Getting a BER Rating:  
 
If your property lacks a BER rating, appoint an independent assessor to conduct an evaluation using software like DEAP. Assessments consider various factors such as heating systems, insulation, and property orientation. 
 
 
 
Improving Your BER:  
 
Enhancing insulation and upgrading windows are key steps to improve your home's BER rating. Options include improving attic insulation, external wall insulation, or dry lining. Upgrading to triple-glazed windows can significantly enhance energy efficiency and comfort. Seek professional advice to maximize improvements tailored to your home's needs. 

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Call us on 01 4664 993 or Email us at info@hwp.ie 

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