The last budget introduced some attractions for people to buy property, including investment property :-
1) Any property purchased between 6/12/2011 and 31/12/2013 will be exempt from capital gains tax in respect of any increases in value for the first 7 years.
2) Stamp duty for residential property remains at 1% for the first €1million and 2% over that figure.
3) Stamp duty on non-residential properties has been slashed to an all time low of 2%, regardless of value/price.
Maybe it’s time to take the money from out under the mattress !
Holland Condon Solicitors, kilkenny solicitors providing legal advice in south-east Ireland.
