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Click on a question to view the answer: Does one need to be a Club Member to own a Cottage? What sort of ownership rights will be available for the Cottages? Will there be special Club or lodging privileges for Cottage Owners/Members? How may I use the Cottage if I place it for rental with the Club? Are there any real estate property taxes (as in the US) on residential property such as these Cottages in Ireland? Will there be a VAT duty on my purchase of a Cottage? Are the Doonbeg Golf Club and lodging areas "private property?" Will there be architectural controls in place to ensure continuance of the architecture and aesthetic charms of the lodging being created? Will all of the operations dealing with the lodging, golf, and Spa be run by the Club? What assurances will Cottage owners have as to the quality of Cottage workmanship and construction? Does one need to be a Club Member to own a Cottage? To ensure the integrity of Doonbeg Golf Club and compatibility of all Members, a Cottage must be owned by at least one Club Member at all times. Back to the top >> What sort of ownership rights will be available for the Cottages? The Cottages will be conveyed by freehold (or fee simple) ownership. Doonbeg Golf Club on behalf of the management company will tend to all garden and landscaped areas as well as the other amenities enjoyed in common by all owners at Doonbeg such as the roadways and parking areas. Back to the top >> Will there be special Club or lodging privileges for Cottage Owners/Members? Yes. The Club provides professional concierge services, priority booking of tee times, and priority lodging for Members and their guests, private locker rooms, special Member events throughout the season, the right to refer friends and colleagues for golf, unaccompanied, at preferred guest pricing, and the lack of charges in the way of greens fees for spouses and family members 25 years or under pursuant to the Membership Plan. In addition, our Guest Services staff will be available to assist Cottage guests with specific requests and needs. Back to the top >> How may I use the Cottage if I place it for rental with the Club? First, while certain legal restrictions apply for Irish Cottage owners participating in the Irish Tax Based Scheme, every owner may reserve, well in advance, whatever days or weeks he or she prefers and will receive preferred access to his or her Cottage for those weeks unreserved in advance. Every possible effort will be made by to accomplish this as Lodge guests will have no particular Cottage to which they are entitled. Thus, owners of a Cottage who decide on short notice to come to Doonbeg will be provided their Cottage for personal use absent only the most unusual circumstances. Further, subject to restrictions for Irish owners participating in the Tax Based Scheme, Cottage owners have a certain number of nights they may use their Cottages either free of charge, with housekeeping charges only, or at "Guest of Owner" rates, (about 50% off). Details of owner use are outlined in the Cottage Management Agreement. Club management will determine market rates for Cottage rentals based on market conditions. Club management will be responsible for all cleaning and servicing of an owner's Cottage while in residence. Back to the top >> Are there any real estate property taxes (as in the US) on residential property such as these Cottages in Ireland? No. That's the good news! And so unlike many places in the US and other countries, you will not pay 1 - 2% of property values per year in property taxes on your Cottage. There is, however, a stamp duty due at closing that ranges from about 7.5 to 9% on Cottages available for rental. It is a standard one-time expense in Ireland on all transactions of this nature. Back to the top >> Will there be a VAT duty on my purchase of a Cottage? Yes. Ireland's Value Added Tax ("VAT") currently at 13.5% will be payable (on a one-time basis) by Purchaser in addition to the purchase price. VAT of 21% is payable on fit out. However, to the extent that the Cottage is made available for overnight leasing/rental, this VAT can be reclaimed proportionate to the number of weeks per year that the Cottage will be made available for overnight leasing/renting. [All Rental/Letting arrangements will be organized through Doonbeg Golf Club or its designee.] To obtain the VAT refund, a commitment will be given by the Cottage owner as to minimum periods of availability for rental. Doonbeg Golf Club or its designee will then deliver for you to the Irish VAT authorities that documentation so as to obtain the amount of refund. Back to the top >> Are the Doonbeg Golf Club and lodging areas "private property?" Yes. There are approximately 400 acres in total at The Lodge at Doonbeg and Doonbeg Golf Club, all situated along Doughmore Bay in County Clare. The Club has built a private road that connects with the main highway route, N-67. The roadway, golf course, practice areas, and all the lodging are private, as are the dune fields along the shore. Back to the top >> Will there be architectural controls in place to ensure continuance of the architecture and aesthetic charms of the lodging being created? Yes. There will be covenants in the conveyances and agreements related to the Links Cottages to assure that the The Lodge at Doonbeg Limited, or its designee as manager, will be the sole arbiter of all proposed changes to landscaping, hardscape, common areas, and exteriors of all buildings, structures, and grounds throughout The Lodge at Doonbeg Golf Club property. Our goal is to always assure and maintain a pleasing, tasteful collection of buildings and grounds that compliments the striking beauty of the golf course and of which you will always be proud. Back to the top >> Will all of the operations dealing with the lodging, golf, and Spa be run by the Club? Yes. All of these operations will be under the one "umbrella" of the Club or its affiliate. Back to the top >> What assurances will Cottage owners have as to the quality of Cottage workmanship and construction? First and foremost, the Cottage owner is provided with a direct, legal remedy in the form of valuable Collateral Warranties from outstanding building contractors, architects, and engineers in the event of any deficiencies arising within a period of 6 years after construction and which are due to any negligent construction or design. Thus, each Purchaser will have all the assurances of quality in workmanship that we have in engaging these professional services. Second, you will have available a Homebond protection which is a standard form of "insurance" in Ireland. This covers, for example, major structural defects for 10 years up to a maximum liability of €200,000. Back to the top >> |