Guide to Property Taxes in Ireland

Nonresidents are taxed on their income from Irish sources. Married couples may elect to be taxed separately or jointly. The tax year in Ireland is aligned with the calendar year.

Income Tax

Nonresidents are liable to pay taxes on their Irish-sourced income. Taxable income is generally an aggregate of all kinds of income. The rates that apply to residents may not apply to nonresidents unless all of the taxpayer’s income is subject to Irish income tax. Allowances, deductions, and credits available to residents are not available to nonresidents unless certain conditions are met.

Personal Income Tax Rates for 2024

Single and widowed person: no dependent children Up to 42,000 20%
  Over 42,000 40%
Lone parent Up to 46,000 20%
  Over 46,000 40%
Married couple: one income Up to 51,000 20%
  Over 51,000 40%
Married couple: two incomes Up to 84,000 20%
  Over 84,000 40%

Irish income tax is imposed on the worldwide income of an individual who is resident and domiciled in Ireland. An individual who is resident but not domiciled in Ireland is liable to Irish income tax on Irish-source income, foreign-employment income earned while carrying out duties in Ireland, and on other foreign income to the extent that it is remitted into Ireland. A non-resident individual is generally liable to Irish income tax on Irish-source income only.

Exemption Limits

An income tax exemption is available for certain individuals aged 65 years or over. These individuals are only liable to income tax if their income is above a specified limit. For 2024, the specified limit is EUR 18,000 for an individual who is single/widowed and EUR 36,000 for a married couple. These limits are increased in respect of dependent children. Marginal relief may apply where the individuals´ total income exceeds the specified limit.

Rental Income

Rental income is taxed at 20% up to €40,000. Income over €40,000 is taxed at 40%. The taxpayer has the option to file a return and claim relief for income-generating expenses. Allowable deductions include ground rent, rates, maintenance costs, general repairs, insurance, management fees, service charges, advertising, accounting fees, depreciation (wear and tear), building expenditures, and interest.

Stamp Duty on Property Leases

Stamp duty rates on property leases range from 1% to 12%, levied on the average annual rent reserved by lease. The applicable rate depends on the length of the lease.

Up to 35 years or indefinite 1% of average annual rent
36 years to 100 years 6% of average annual rent
Over 100 years 12% of average annual rent

Stamp Duty on Sales of Residential Properties

Stamp duties are levied on sales of residential properties at progressive rates.

Stamp Duty on Sales of Residential Properties

Up to 1 million 1%
Over 1 million 2%

Capital Gains Tax

Nonresidents are liable to pay capital gains tax for gains realized from the sale of real estate property in Ireland. Capital gains tax is imposed at a flat rate of 33%.

Any amount 33%

Nonresidents earning capital gains exceeding €500,000 from the sale of Irish property are liable to pay withholding tax at the rate of 15%, which is levied on the selling price or fair market value of the property. This tax is then credited against the nonresident’s capital gains tax liability.

Corporate Taxation

Income Tax

Income earned by companies is subject to corporate income tax at varying rates depending on income classification: 12.5% on trading income and 25% on non-trading income.

Corporate Income Tax Rates

Trading Income 12.5%
Non-Trading Income 25%

Buying and Selling Costs & Taxes

Property Transfer Tax 1.00% - 2.00%
Agent Fee Buyer -
Agent Fee Seller 1.00% - 2.50%
Legal 1.00 - 1.50% (+23% VAT)
Notary 0.10% - 0.20%
Roundtrip Cost 3.10% - 6.20%
Source: Global Property Guide, PWC

Property Taxation

Local Property Tax (LPT)

Local property tax is levied at different rates depending on the value of the property. For properties that are valued at least €1,000,000, local property tax is levied at a flat rate of 0.18% on the first €1,000,000, and at a flat rate of 0.25% on the property value exceeding €1,000,000.

Local Property Tax for Properties Worth at Least €1,000,000

Up to 1,000,000 0.18%
Over 1,000,000 0.25% on all value over 1,000,000

For properties that are valued between €50,000 and €1,000,000, a different local property tax rate system applies.

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