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Nov 1, 2024 | 
mondaq.com | Simon Hannigan |Deirdre Barrett |Kenneth Egan |Brian O'Rourke
AC
Arthur Cox
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Arthur Cox is one of Ireland’s leading law firms. For almost 100 years, we have been at the forefront of developments in the legal profession in Ireland. Our practice encompasses all aspects of corporate and business law. The firm has offices in Dublin, Belfast, London, New York and Silicon Valley.
This is our Real Estate Update: a round-up of recent Irish and international legal and regulatory news.
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Oct 25, 2024 | 
mondaq.com | Simon Hannigan |Kenneth Egan |Deirdre Barrett |Brian O'Rourke
The was
signed by the President on 17 October 2024. The sections of the Act
that amend the Residential Tenancies Act 2004 and the Residential
Tenancies (Amendment) Act 2019 came into force on 18 October 2024
and extend rent controls for another year to 31 December
2025 (the previous regime was due to expire on 31 December
2024). This means that current restrictions on rent setting will
continue to apply until 31 December 2025.
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Oct 23, 2024 | 
lexology.com | Simon Hannigan |Kenneth Egan |Deirdre Barrett |Brian O’Rourke |Deirdre A. Sheehan |Gillian Beechinor
The was signed by the President on 17 October 2024. The sections of the Act that amend the Residential Tenancies Act 2004 and the Residential Tenancies (Amendment) Act 2019 came into force on 18 October 2024 and extend rent controls for another year to 31 December 2025 (the previous regime was due to expire on 31 December 2024). This means that current restrictions on rent setting will continue to apply until 31 December 2025.
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Oct 15, 2024 | 
mondaq.com | Simon Hannigan |Kenneth Egan |Deirdre Barrett |Brian O'Rourke
AC
Arthur Cox
More
Arthur Cox is one of Ireland’s leading law firms. For almost 100 years, we have been at the forefront of developments in the legal profession in Ireland. Our practice encompasses all aspects of corporate and business law. The firm has offices in Dublin, Belfast, London, New York and Silicon Valley.
The Finance Bill has brought some clarity to the application of the 6% "mansion tax" rate of stamp duty to residential property.
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Oct 14, 2024 | 
lexology.com | Fintan Clancy |Simon Hannigan |Kenneth Egan |Deirdre Barrett |Brian O’Rourke |Deirdre A. Sheehan | +4 more
The Finance Bill has brought some clarity to the application of the 6% “mansion tax” rate of stamp duty to residential property. The increased rate of stamp duty on bulk purchases of residential units has also been included in the Bill. Application of 6% rate to residential property The new 6% rate will apply to consideration over €1.5 million when the consideration is attributable to two or less apartments in an “apartment block” (one which has three or more apartments in it).
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Oct 2, 2024 | 
mondaq.com | Simon Hannigan |Kenneth Egan |Deirdre Barrett |Brian O'Rourke
The Government has published its
Autumn 2024 Legislation Programme. Real
estate-related legislation is summarised below.
LEGISLATION FOR PRIORITY PUBLICATION IN THIS
SESSION
STATUS
Housing (Miscellaneous Provisions) Bill
Miscellaneous amendments and additions to reflect Government
housing priorities to the Housing (Regulation of Approved Housing
Bodies) Act 2019 and the Affordable Housing Act 2021.
Bill published 27 September 2024 and has completed Dáil
Éireann First Stage.
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Oct 2, 2024 | 
lexology.com | Fintan Clancy |Ailish Finnerty |David Kilty |Orlaith Kane |Kenneth Egan |Brian O’Rourke | +4 more
As part of Budget 2025, the Minister for Finance announced two stamp duty rate increases that are effective from 2 October 2024. Rate IncreasesThe two stamp duty rate increases (the “New Measures”) are:An increase in the higher rate of stamp duty that applies on the “bulk purchase” of ten or more residential units (excluding apartments) in a twelve-month period from 10% to 15%. The introduction of a third rate of stamp duty on the sale of residential properties valued at more than €1.5 million.
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Oct 1, 2024 | 
lexology.com | Simon Hannigan |Kenneth Egan |Deirdre Barrett |Brian O’Rourke |Deirdre A. Sheehan |Gillian Beechinor
The Government has published its Autumn 2024 Legislation Programme. Real estate-related legislation is summarised below. LEGISLATION FOR PRIORITY PUBLICATION IN THIS SESSION STATUS Housing (Miscellaneous Provisions) Bill Miscellaneous amendments and additions to reflect Government housing priorities to the Housing (Regulation of Approved Housing Bodies) Act 2019 and the Affordable Housing Act 2021. Bill published 27 September 2024 and has completed Dáil Éireann First Stage.
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Aug 13, 2024 | 
mondaq.com | Kenneth Egan |Simon Hannigan |Deirdre Barrett |Brian O'Rourke
A recent Circuit Court judgment has cast some light on the rules
that apply when a commercial tenant claims statutory renewal
rights, and then withdraws that claim.
In Howard and Ors v Crown Paints Ireland
Limited1, the tenant's ten-year lease expired in
August 2018. It served the usual notice of intention to claim a
statutory renewal.
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Aug 2, 2024 | 
mondaq.com | Simon Hannigan |Kenneth Egan |Brian O'Rourke |Deidre Sheehan
Legislation Enacted Banning Student Accommodation
Contracts Exceeding 41 Weeks
The Residential Tenancies (Amendment) Act 2024 was
signed into law by the President on 12 July 2024. The Act will only
apply to student-specific accommodation tenancies and licences
created after the legislation is commenced. The Minister for
Housing, Local Government and Heritage, Darragh O'Brien, is
expected to issue a commencement order shortly. We consider the
Bill's provisions in more detail here.
