Dáil Éireann Debate, Thursday - 5 July 2012
61 Deputy Michael McGrath asked the Minister for Finance the level of revenue generated for the Exchequer from residential stamp duty in each of the past ten years in tabular form; the number of individual residential stamp duty cases for each year; and if he will make a statement on the matter. [32917/12]
View answer62 Deputy Michael McGrath asked the Minister for Finance the level of revenue generated for the Exchequer from commercial stamp duty by year in each of the past ten years in tabular form; the number of individual residential stamp duty cases for each year; and if he will make a statement on the matter. [32918/12]
View answerI propose to take Questions Nos. 61 and 62 together.
The information requested by the Deputy in relation to the yield from Stamp Duty on residential and non-residential property, together with the numbers of duty paid transactions, is as set out in the following tables. As indicated below, a breakdown between residential and non-residential transactions is not available for 2010 and 2011.
|
Year |
€m |
Number of Duty Paid Transactions |
|
2002 |
349 |
Not available |
|
2003 |
528 |
35,000 |
|
2004 |
752 |
43,942 |
|
2005 |
945 |
44,799 |
|
2006 |
1,311 |
52,901 |
|
2007 |
1,018 |
41,079 |
|
2008 |
445 |
25,371 |
|
2009 |
150 |
11,766 |
|
2010* |
107 |
41,703* |
|
2011* |
50 |
47,030* |
*The figures for numbers of Duty Paid Transactions shown for 2010 and 2011 include both residential and non-residential property transactions because a breakdown between the two is not available.
|
Year |
€m |
Number of Duty Paid Transactions |
|
2002 |
317 |
Not available |
|
2003 |
547 |
Not available |
|
2004 |
709 |
40,572 |
|
2005 |
1,057 |
43,674 |
|
2006 |
1,678 |
45,834 |
|
2007 |
1,363 |
37,900 |
|
2008 |
600 |
32,847 |
|
2009 |
179 |
21,895 |
|
2010* |
92 |
41,703* |
|
2011* |
101 |
47,030* |
*The figures for numbers of Duty Paid Transactions shown for 2010 and 2011 include both residential and non-residential property transactions because a breakdown between the two is not available.
63 Deputy Michael McGrath asked the Minister for Finance the approximate level of VAT generated for the Exchequer from the sale of new residential housing in each of the past ten years in tabular form; the number of cases for each year; and if he will make a statement on the matter. [32919/12]
View answerI am informed by the Revenue Commissioners that it is not possible to furnish precise figures of the VAT take from residential property transactions, as the information furnished on VAT returns does not require the yield from particular sectors of trade to be identified. However, based on data published by the Department of the Environment, Heritage and Local Government, the estimated yield from residential property transactions, which includes sales of new and social housing, is set out in the following table alongside the numbers of house completions for each year.
|
Year |
VAT Yield €m |
Number of House Completions |
|
2002 |
1,101 |
57,295 |
|
2003 |
1,541 |
68,419 |
|
2004 |
1,940 |
76,554 |
|
2005 |
2,405 |
80,557 |
|
2006 |
2,727 |
93,019 |
|
2007 |
2,487 |
77,627 |
|
2008 |
1,289 |
51,324 |
|
2009 |
652 |
26,420 |
|
2010* |
333 |
14,602 |
|
2011* |
159 |
10,480 |
*Figures are provisional.
