Trebling of stamp duty is quick to take effect

The move, introduced in the budget five days ago, is taking a toll on vendors who couldn’t shift their properties earlier in the year, writes Donal Buckley

The Square in Tallaght had been quoted at in excess of €233 million

Nama, its debtors, and opportunist funds will be among those to suffer as a result of the trebling of stamp duty on commercial property transactions, introduced in Budget 2018 last week.

However, it looks likely that vendors of multi-family apartment portfolios will not be affected. Vendors of properties which ...