Ireland commercial property guide
What costs apply when buying commercial property in Ireland?
Buying commercial property in Ireland involves more than the purchase price. Stamp duty, VAT, professional fees, financing costs and ongoing commercial rates should all be considered before you bid.
The costs to consider
Budget for the full cost of purchase
- Stamp duty
- Stamp duty on non-residential property is 7.5% of the price — much higher than residential.
- VAT
- VAT may apply at 13.5% if the building is new or recently developed, though it can often be reclaimed by VAT-registered buyers.
- Professional and financing fees
- Also budget for legal fees, a building survey, valuation and lender fees if financing.
- Ongoing commercial rates
- Commercial property owners should also allow for ongoing commercial rates to Limerick City & County Council.