What taxes or fees should I be aware of when selling my property?

Sellers

When selling your home, it’s crucial to budget for taxes and fees that may affect your net proceeds:

1. Capital Gains Tax (CGT): If the property is not your principal private residence, you may need to pay CGT on the profit made from the sale.
2. Professional Fees: Estate agent fees, solicitor fees, and any required survey costs.
3. Stamp Duty (on some transactions): Generally paid by the buyer in Ireland, but it’s good to be aware of how it impacts property values.
4. Property Tax Clearance: Sellers often need to provide proof of compliance with Local Property Tax (LPT) payments.
5. BER Certification: Properties listed for sale require a Building Energy Rating (BER) certificate, which comes with an assessment fee.

Consulting your solicitor and tax advisor is the best way to confirm which taxes or fees apply to your situation. HJ Byrne can recommend reputable professionals and guide you through the legal process, ensuring full compliance and a smooth sale.

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