Dáil Éireann Debate, Thursday - 18 October 2012
105. Deputy Michael McGrath asked the Minister for Finance if he has an estimate of the amount of money that would be raised in a full year if consanguinity relief on non-residential property was abolished with immediate effect. [45575/12]
View answerI am informed by the Revenue Commissioners that on the basis of the expected cost of Stamp Duty forgone due to consanguinity relief in 2012 it is estimated that the full year yield from an immediate abolition of the relief would be of the order of €7 million. Consanguinity relief on transfers of non-residential property will be abolished with effect from 1 January 2015, and has already been abolished on transfers of residential property.
