The Law Society is working to address the serious problem that has arisen since the new rate of stamp duty for non-residential property was announced in Budget 2018.
A financial resolution on the night of the Budget levied the increased rate of stamp duty on non-residential property but omitted necessary transitional arrangements. This has created real and material uncertainty in the payment and collection of the tax. The Society has highlighted these issues with Revenue at TALC meetings and has sent a letter to the Minister for Finance requesting him to intervene as a matter of urgency to resolve the difficulties.
