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As property agents, we are answerable to our industries leading professional bodies: IPAV, SCSI and the Property Services Regulatory Authority, maintaining the highest of professional standards by conforming to clearly set guidelines. We are proud of the fact that a large proportion of our business is return business/ referrals from satisfied clients who have recommended us to colleagues / friends / family.
We offer a 5 Star Service, from market appraisal, to top class promotion, keeping you fully informed during the sale to ensure a smooth and positive result. We aim to deliver!
Pat Gannon Auctioneers Ltd provides a comprehensive property service that includes:
No matter how big or small, we put 100% into each sale process. As your agents we:
We aim to take all the stress away from renting your property. As your agents we will:
Our team carries an abundance of knowledge when it comes to agricultural land. When it comes to letting or leasing your land, we ensure to:
We provide FREE SALES VALUATIONS. We also provide valuations for probate, transfer of land, mortgage switchovers etc. We work in conjunction with solicitors and banks to provide valuations as requested by the client.
We are registered to carry out both Red Book and Blue Book valuations.
A CPO is a legal function that allows certain statutory bodies which need to take land or property to do so without the consent of the owner. The compulsory acquisition of land takes place in Ireland to allow a public infrastructure project to go ahead for the common good. The current compulsory purchase system, with the public enquiries, notices to treat, notices of entry, is a daunting prospect for the individual property and land owner.
We have extensive experience and knowledge in dealing with CPO and over the years have represented a number of landowners in their claims for compensaion for loss of land for the construction of the motorways. We have been contracted to work for both sides, the county council and the clients themselves on different occassions.
Some of the schemes we were involved with are:
As soon as you become aware that your property is affected by a CPO process, without delay you should seek the property advice of a professional valuer experienced in the area of compulsory purchase.
This advice will cover how best to deal with your Notice and preparation of your claim for compensation. The cost of such services are part of a normal claim for compensation.
The aim of any compulsory purchase order should be to leave the affected party, in so far as money can, in the same position as before the property / land was acquired. It follows therefore, that the affected parties should be duly compensated for their loss / disturbance.
A number of key issues arise from this:
Stamp Duty is the tax levied by the Government for changing the documents that specify who owns a particular property irrespective of whether it's a new build or second-hand property.
The amount is based on the type and cost of the property and whether it is a residential or non-residential property.
For residential property, it is calculated at 1% of the selling price of any property up to €1m.
For amounts above €1m you will be charged 2%.
If you paid €227,000 (including VAT) for your new house, this is made up of the base price of €200,000 plus 13.5% VAT (€27,000).
In this case you only pay stamp duty on the base price of €200,000, so your Stamp Duty will be €2,000.
When closing a sale your solicitor will calculate the stamp duty you owe to the Revenue Commissioners.
A single rate of 7.5% applies to all non-residential property.
The 7.5% applies to instruments executed on or after 9th Oct 2019.
Budget 2020 provides for transitional arrangements. Under the arrangements:
You pay Stamp Duty at the pre-Budget rate of 6%.
If you buy a site with an arrangement to build a house on it, then stamp duty will be charged at the residential rate on the total of the site and the building cost.
If you buy a site with no connected arrangement to build a house or apartment on it, then stamp duty will be charged on the site cost at the non-residential property rate.
Most property in Ireland is sold by Private Treaty. Under this method, a price is agreed between the agent and vendor going to market, which is usually subject to negotiation between your agent and prospective buyers.
We generally offer distinctive properties / land for sale by Public Auction. This differs from Private Treaty in that there is a 4-6 week marketing campaign prior to auction day and if sold on the day the contracts are signed by both parties and a 10% deposit is paid.
Proposed Changes to take effect from 1st Nov 2021Rates etc to be confirmed in the coming months - watch this space.
We can provide a professional valuation of your property and make payment online if you so wish - all you need to do is provide us with your PPSN, your Property ID and PIN.
The next valuation date will be on 1 November 2021
Under the proposed changes to the regime the majority of homeowners are likely to see no change or a decrease in the amount they pay in Local Property Tax (LPT). Where increases arise, the majority will be by a single band (€90), notwithstanding significant increases in property values since 2013.
The rate of the tax is to be cut and the bands will be widened to make the changes affordable and to maintain the overall structure of the LPT.
| Current Band Structure | Proposed | ||
|---|---|---|---|
| Band | Charge | Band | Charge |
| 0 - 100,000 | 90 | 1 - 200,000 | 90 |
| 100,001 - 150,000 | 225 | 200,000 - 262,500 | 225 |
| 150,001 - 200,000 | 315 | 262,501 - 350,000 | 315 |
| 200,001 - 250,000 | 405 | 350,001 - 437,500 | 405 |
| 250,001 - 300,000 | 495 | 437,501 - 525,000 | 495 |
| 300,001 - 350,000 | 585 | 525,001 - 612,500 | 585 |
| 350,001 - 400,000 | 675 | 612,501 - 700,000 | 675 |
| 400,001 - 450,000 | 765 | 700,001 - 787,500 | 765 |
| 450,001 - 500,000 | 855 | 787,501 - 875,000 | 855 |
| 500,001 - 550,000 | 945 | 875,001 - 962,500 | 945 |
| 550,001 - 600,000 | 1,035 | 962,501 - 1,050,000 | 1,035 |
| 600,001 - 650,000 | 1,125 | 1,050,001 - 1,137,500 | 1,190 |
| 650,001 - 700,000 | 1,215 | 1,137,501 - 1,225,000 | 1,409 |
| 700,001 - 750,000 | 1,305 | 1,225,001 - 1,312,500 | 1,627 |
| 750,001 - 800,000 | 1,395 | 1,312,501 - 1,400,000 | 1,846 |
| 800,001 - 850,000 | 1,485 | 1,400,001 - 1,487,500 | 2,065 |
| 850,001 - 900,000 | 1,575 | 1,487,501 - 1,575,000 | 2,284 |
| 900,001 - 950,000 | 1,665 | 1,575,001 - 1,662,500 | 2,502 |
| 950,001 - 1,000,000 | 1,755 | 1,662,501 - 1,750,000 | 2,721 |
| Over €1m | 1,750,001+ | 2,830+ | |
Rate = 0.1029 (fixed charge in first and second bands)
The below examples are illustrations of applying the above new bands and rates to non-representative properties in different geographical areas.
They are not indicative of the typical property in the given area or of how much a house of similar value in 2013 will necessarily have appreciated in the interim.
We can provide a professional valuation of your property and make payment online if you so wish - all you need to do is provide us with your PPSN, your Property ID and PIN.
Get in touch today!