Deposit of the sales contract is needed in order for the purchaser to exercise the right of Specific performance against the seller and benefit from the property tax exemptions. The purchaser has the right to deposit the sales contract within 6 months after signing of the contract of sale is may be the most important for the protection of his legal rights on the specific property.
The sales contract must be stamped within 30 days after signing. After this period a small penalty is imposed. The contract stamp fees are 1.5‰ for values up to €170.860 and 2.0‰ for values more.