Duty is payable on both the rent and the premium.
Rent | Rate of duty |
---|---|
Lease of a house or apartment for a term that is indefinite or does not exceed 35 years and where the rent does not exceed €30,000 per year | Exempt |
In all other cases where the lease is for a term: | |
That is indefinite or does not exceed 35 years | 1% of the average annual rent |
That exceeds 35 years but does not exceed 100 years | 6% of average annual rent |
That exceeds 100 years | 12% of the average annual rent |