*The lower rate applies to the entire consideration up to €1,000,000 and the current exempt threshold of €127,000 has been abolished.

The new rates apply to instruments executed on or after 8 December 2010. Transitional arrangements will apply where, as a result of the new rates, a taxpayer is disadvantaged compared to the stamp duty treatment applicable prior to 8 December 2010. The transitional arrangements will apply where an instrument is executed on or after 8 December 2010 and before 1 July 2011 solely in pursuance of a binding contract which had been entered into prior to 8 December 2010.