Incentives to invest in property from 2012 – Holland Condon – Kilkenny solicitors

Feb 22, 2012

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.

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