1. Stamp Duty

Stamp Duty is payable on the purchase of properties in Ireland. To calculate the duty payable please choose the stamp duty menu option from the Calculators dropdown menu.

2. Capital Gains Tax

• Irish residents are exempt from capital gains tax on disposal of their principal private residence
• Generally capital gains tax on the disposal of other properties attracts a rate of 20% (other than development land which may attract a high rate).

3. Rental Income

Rental income from property is taxable at the appropriate taxation rate. Interest payable on related borrowings to purchase property is available as a deduction when computing taxable income.

It is advisable that clients seek independent taxation advice in the event of purchasing a property in Ireland. The above is a general summary of the principal taxes and should not be taken as advice. Should you wish Mortgage Company of Ireland to recommend a taxation advisor we would be pleased to do so.