We will help you through the process of buying/selling. Liaising with your solicitor and keeping you informed of the progress of the sale or purchase where appropriate, including delivering highly informative Reports whenever you need them.
Tormey Lee will also be pleased to recommend a firm of local Solicitors which have been extensively used by clients in the past – winning high praise for both their efficiency and extensive knowledge of the local property market. Just ask for details.
Property tax or rates are not charged on residential property. There is no council tax or any other form of taxation on residential property in Ireland and most services are provided by the local council, with the exception of refuse collection.
The Minister for Finance announced the following changes in relation to stamp duty in his Budget speech on 7 December 2010.
New Rates for Residential Property
A new lower rate of 1% will apply to instruments where the consideration attributable to residential property does not exceed €1,000,000. A higher rate of 2% will apply to the excess of the consideration over €1,000,000. In conjunction with the introduction of the lower rate of 1%, which will apply to the entire amount of the consideration up to €1,000,000, the current exempt threshold of €127,000 has also been abolished.
Source: www.revenue.ie for more information please contact the Irish revenue
BER CERT EXPLAINED
From the 1st of January 2009, a BER certificate became compulsory for all homes being sold or offered for rent. A BER is an indication of the energy performance of a home. It covers energy use for space heating, water heating, ventilation and lighting calculated on the basis of standard occupancy. A BER is similar to the energy label for a household electrical appliance like your fridge. The label has a scale of A-G. A-rated homes are the most energy efficient and will tend to have the lowest energy bills.
Source: www.seai.ie for more information please contact the Irish Sustainable Energy Authority.
We will be pleased to give you contact details of our local registered BER Assessor.
OTHER HELPFUL ADVICE
If you can think of any other advice in relation to selling, buying or renting your property whether it be commercial or residential you would like more information on, please contact us. If we don’t know we will try our very best to find out for you.