Dáil Éireann Debate, Tuesday - 27 November 2012
190. Deputy Brendan Griffin asked the Minister for Finance the position regarding the transfer of land in respect of a person (details supplied) in County Kerry; and if he will make a statement on the matter. [52334/12]
View answerI am informed by the Revenue Commissioners that Stamp Duty is chargeable at the rate of 2% (non-residential) on the open market value of land, which is being transferred. However, the transfer between a parent and child currently qualifies for consanguinity relief (i.e. half the normal rate of duty that would otherwise apply), and accordingly the effective rate of tax in this case is likely to be 1%. Other reliefs may be available subject to certain conditions. It is suggested that the person in question should contact Dublin Stamping District, Dublin Castle, Dublin 2, telephone 01 – 8589393 who will outline the conditions that must be met before these reliefs can be granted.
