- The VAT rate for the supply and development of apartments and apartment blocks used for residential purposes is reduced from 13.5% to 9% from 26 November 2025 to 31 December 2030.
- The 9% rate applies to apartment blocks with at least three apartments and common or grouped access, including various apartment types such as studios, penthouses, duplexes, and student accommodation.
- Internal and external common areas and car parking spaces qualify for the 9% rate, but amenities like gyms, work hubs, and pools do not.
- Apportionment of cost/price may be required when non-qualifying amenities are present.
- Further guidance is provided in a new Tax and Duty Manual, but complex scenarios may still arise, requiring careful consideration.
Source: accountancyireland.ie
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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