BUDGET 2021 - PROPERTY MARKET

Commercial PropertyResidentialCountry & Land
Written By Paul Reeves

There was one major alteration in Budget 2021 which will assist some farmers in terms of asset management and that is the extension of Stamp Duty reliefs which were due to expire at the end of this year. Consolidation Relief is now in place until 2022 and Consanguinity Relief extended until the end of 2023. For both reliefs, the standard stamp duty rate of 7.5% for non-residential property is reduced to 1%.

The government have extended the Help to Buy Scheme (HTB) up to the end of December 2021 providing qualifying First Time Buyer applicants up to €30,000 rebate on a new home.

Budget 2021.jpg
Paul Reeves https://usual.ie
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