Dáil Éireann debate -
Tuesday, 9 Oct 2001

Vol. 541 No. 4

Written Answers. - Stamp Duty.

David Stanton

Question:

263 Mr. Stanton asked the Minister for Finance the total amount of stamp duty paid on second hand houses each year for the past three years; the projected amount to be paid in 2001; the exemptions which apply; and if he will make a statement on the matter. [22743/01]

Minister for Finance (Mr. McCreevy)

I am informed by the Revenue Commissioners that the data are not collected in a manner which would allow for precise details of the stamp duty yield from the sale of second hand houses. However, the approximate stamp duty yield from second hand houses for the years in question is estimated as follows:

Year	Irish Pound Yield	Euro Yield
1998 (est.)	166m	210.78m
1999 (est.)	204m	259.03m
2000 (est.)	219m	278.07m
2001 (projected est.)	217m	275.53m

It should be noted that the rates and exemption thresholds for second hand houses were changed in mid-2000 which would affect the comparison. The following table outlines the stamp duty rates now applying to purchases of second hand houses and the general exemptions, where applicable. Many first time owner-occupier buyers are now either exempt from stamp duty or pay at a reduced rate.

First Time Purchaser			Other Owner Occupier			Investor
£	Rate	£	Rate	£	Rate
0 to 150,000	0%	0 to 100,000	0%	0 to 100,000	9%
150,001 to 200,000	3%	100,001 to 150,000	3%	100,001 to 150,000	9%
200,001 to 250,000	3.75%	150,001 to 200,000	4%	150,001 to 200,000	9%
250,001 to 300,000	4.5%	200,001 to 250,000	5%	200,001 to 250,000	9%
300,001 to 500,000	7.5%	250,001 to 300,000	6%	250,001 to 300,000	9%
over 500,000	9%	300,001 to 500,000	7.5%	300,001 to 500,000	9%
		over 500,000	9%	over 500,000	9%