Section 83DA SDCA 1999 provides for a full repayment of stamp duty paid on the acquisition of a residential property where, within 12 months of acquiring the property, the accountable person sells it to an eligible applicant within the meaning of the Affordable Housing Act 2021. Revenue has updated the Stamp Duty Manual which provides guidance on how to make a repayment claim under section 83DA SDCA 1999.
The guidance has been updated to clarify that:
- Only those persons that are directly involved in the provision of affordable housing are eligible to claim a repayment under section 83DA
- Eligibility for a repayment will only arise if the sale of the property to an eligible applicant is charged to stamp duty under the CONVEYANCE or TRANSFER on sale head of charge.