How Irish residential stamp duty works
Stamp duty is a tax paid by the buyer on the purchase of a property in Ireland, collected by Revenue. Since Budget 2025, residential stamp duty is charged in three bands: 1% on the portion of the price up to €1,000,000, 2% on the portion between €1,000,000 and €1,500,000, and 6% on any portion above €1,500,000. Each rate applies only to the slice of the price that falls in its band, so most homes are charged a flat 1%.
Worked example
For a property priced at €400,000, stamp duty is simply 1% of €400,000 = €4,000, since the full price falls under the €1 million threshold.
For a property priced at €1,500,000: the first €1,000,000 is charged at 1% (€10,000) and the remaining €500,000 at 2% (€10,000), for a total of €20,000. Go a little higher, to €2,000,000, and the top €500,000 is now charged at 6% (€30,000), pushing the total to €50,000, an effective rate of 2.5%.
Frequently asked questions
What is the stamp duty rate on residential property in Ireland?
Since Budget 2025 there are three bands: 1% on the portion up to €1 million, 2% on the portion from €1 million to €1.5 million, and 6% on anything above €1.5 million. Most homes fall entirely in the 1% band.
Who pays stamp duty in a property purchase?
The buyer pays stamp duty, not the seller. It's typically handled by your solicitor as part of conveyancing and paid to Revenue shortly after closing.
Is stamp duty different for first-time buyers?
As a general rule, the standard residential rates (1% up to €1 million, 2% up to €1.5 million, 6% above) apply regardless of first-time buyer status. Always check Revenue.ie for any current reliefs or exemptions.