Stamp Duties Consolidation Act 1999 section 29

Conveyance on sale combined with building agreement for dwelling house or apartment

Section 29 charges stamp duty on the combined value of a site and a building agreement where the sale of the site and the construction of a dwelling are connected or form part of the same arrangement.

• Where a site is sold in connection with a building agreement for a house or apartment, stamp duty is charged at residential property rates on the aggregate of the site price and the building cost.
• If the aggregate consideration cannot be ascertained at the date of stamping, stamp duty is charged on a figure equal to ten times the unencumbered open market value of the site, with provision for a refund of any resulting overpayment.
• If building has not commenced within two years of the date of stamping, the transaction is treated as a site-only sale and any excess duty paid is refundable.
• Revenue may require statutory declarations or statements of fact from any person involved in the sale or building works, or from their solicitors, to determine whether the section applies.