Ireland Update: Bulk House Purchases Stamp Duty Measure Enacted With Housing Authority Leaseback Refund Provision

The Finance (COVID 19 and Miscellaneous Provisions) Act 2021 was enacted on 19 July 2021 giving statutory effect to the 19 May 2021 Financial Resolution which imposed a new stamp duty rate of 10% on the acquisition of certain types of residential units by investors. Introduced as a new Section 31E of the Stamp Duties Consolidation Act 1999, the provision was one of a series of measures introduced by the Irish government to dis-incentivise the bulk buying of residential houses and duplexes in favour of improving the availability for purchase for owner occupiers and the social housing sector.


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