Bulk-buying funds who lease to state are exempt from new 10% stamp duty

Amendment to bill facilitates bulk-buying and renting to local authorities by institutional investors, despite Eurostat warning

4th July, 2021
Bulk-buying funds who lease to state are exempt from new 10% stamp duty
The government introduced, on May 20, a new stamp duty rate of 10 per cent that applies to purchases of more than 10 houses.

Institutional funds bulk buying homes to lease to the state will avoid the new 10 per cent rate of stamp duty that was introduced to stop such investors buying up houses ahead of first-time buyers.

The new exemption raises questions over whether the government’s move to limit the ability of funds to bulk purchase houses will ultimately discourage investors from buying homes ahead of owner-occupiers.

The decision to waive the higher 10 per cent...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Lack of home delivery through repair and leasing scheme is ‘unforgivable’

Housing Killian Woods 2 days ago

Housing Agency told O’Brien how to avoid legal action on affordable housing move

Housing Killian Woods 2 days ago

FG TD condemns delay in building Killiney apartments

Owners of vacant commercial properties set to lose rates exemption