Dáil Éireann Debate, Tuesday - 6 November 2012
272. Deputy Sean Fleming asked the Minister for Finance the level of tax generated by house sales for the Exchequer during 2008, 2009, 2010, 2011 and up to the end of September 2012; and if he will make a statement on the matter. [48716/12]
View answerI have been provided by the Revenue Commissioners with information in relation to the amounts of value added tax on new housing and on the amounts of stamp duty on residential property for the years 2008 to 2012 to date. Based on data published by the Department of the Environment, Community and Local Government, the estimated yield of Value Added Tax from residential property transactions, which includes sales of new and social housing, is set out in the following table.
|
Year |
VAT yield |
|
- |
EURm |
|
2008 |
1,289 |
|
2009 |
652 |
|
2010 |
333 |
|
2011 |
159 |
|
2012* |
141 |
The figures of yield from stamp duty on transfers of residential properties are set out in the following table.
|
Year |
EURm |
|
2008 |
445 |
|
2009 |
150 |
|
2010 |
107 |
|
2011 |
50 |
|
2012 (to end September) |
39 (Provisional) |
As regards Capital Gains Tax, the precise information requested by the Deputy is not available.
