For properties valued up to €1 million, the new rate is 1.0% of the full value. For properties valued over €1 million, the rate of 1.0% applies to the first €1 million and a rate of 2.0% applies to the balance.
The following rates of stamp duty apply to all residential property:
Up to €1,000,000 = 1.0%
Balance = 2.0%