Buy/lease business premises: tax issues
1 tasks in suggested order
1. Buy/lease business premises: tax issues
Before buying or leasing business premises, check the property tax treatment. Transfers of Irish land/buildings and written leases can be liable to Stamp Duty, and VAT treatment depends on the transaction.
Check the tax position before signing or completing the purchase or lease so the correct return/payment route can be used.
Revenue property, Stamp Duty and VAT guidance; for commercial leases, also check the separate PSRA registration obligation.
PPSN or company/CRO details, business activity, start date, expected tax registrations and records.
Commercial lease Stamp Duty depends on the lease terms. Revenue also states that tenants have a legal obligation to register commercial leases with the PSRA within 30 days of receipt of the stamp certificate.
Official source: Revenue
