Thursday, 5 July 2012

Questions (65, 66, 67)

Michael McGrath

Question:

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 answer

Michael McGrath

Question:

62 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 answer

Written answers (Question to Minister for Finance)

I 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.

Residential Property

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.

Non-residential Property

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.

Michael McGrath

Question:

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 answer

I 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.