Residential Development Stamp Duty Refund Scheme

The Residential Development Stamp Duty Refund Scheme was introduced under the Finance Act 2017 and provides for the refund of a portion of stamp duty paid on the acquisition of non-residential land, where that land is subsequently developed for residential purposes. This effectively brings the stamp duty rate down to a minimum of 2%.

To be eligible for a refund under the scheme;

1. You must file a stamp duty return and pay stamp duty at the non-residential rate on the transfer (either 6% or 7.5% depending on the date of the transfer).

2. The stamp certificate must be available.

3. You must commence building on the land within 30 months from the date of the transfer.

4. The development must be for residential purposes.

5. You can claim for the refund after the after building works have commenced.

6. Any claim for a refund must be done electronically.

The time allowed to commence building work has been extended to the 31st of December 2022 therefore that the last possible eligible completion date will be 30 June 2025.

If you have any questions or require any assistance on the above, please contact us at or on 01-8735012.

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If you are thinking of engaging a lawyer, why not contact us today to see if we can assist? Any of our solicitors will be delighted to speak with you without obligation.

McGrath Mullan Solicitors

Phone: +353 (0) 1 873 5012

Fax: +353 (0) 1 873 5024