Máirín Quill
Question:84 Miss Quill asked the Minister for Finance the amount of revenue raised through stamp duty on new houses since its introduction; and if he will make a statement on the matter.
Written Answers. - Residential Properties Stamp Duty Yield.
It is presumed that the question refers to the change in the manner in which stamp duty is charged on transfers of large new houses and apartments, which was introduced by section 112 of the Finance Act, 1990 and which came into effect on 1 September 1990.
I have been advised by the Revenue Commissioners that while the procedures for the stamping of instruments do not differentiate between different classes of property it is tentatively estimated that the extra yield in a full year will be approximately £5 million.