IRISH INDEPENDENT
Thursday, 19 June 2003
Another way to save money is on the stamp duty. Investors should remember that in the case of new units, the stamp duty is calculated on the price net of the VAT. But when the estate agent is quoting a price, it is usually inclusive of the 13.5pc VAT.
So as a result you can afford to pay more for a new units than for a second-hand unit. See table above for comparing the difference between the stamp duty threshold on the selling prices for new and second-hand units.