Brian Lenihan has proposed a new trade-in scheme under which no stamp duty will be payable by a person who accepts a traded-in property in exchange or part-exchange for a new house or apartment.
Further clarification of the scheme will be given in the Finance Bill, but it means acquirers of new property will still pay stamp duty depending on their status (eg, owner-occupier or investor).
However, the developer exchanging the new house/ apartment will...
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