With commercial stamp duty increasing from 6 per cent to 7.5 per cent, will the Residential Development Stamp Duty Refund Scheme also increase from 4 per cent to 5.5 per cent? Will the net payable in stamp duty by the homeowner post-refund still be 2 per cent? Mr KB, DublinThere was no specific mention of the Residential Development Stamp Duty Refund Scheme in the budget. Under the scheme, two-thirds of the stamp duty paid when acquiring a site is repayable when you start building on it. There is also another test imposed on people availing of the residential stamp duty refund scheme.

Source: The Irish Times October 15, 2019 04:30 UTC