Dáil Éireann Debate, Tuesday - 8 April 2014
152. Deputy Robert Dowds asked the Minister for Finance if he is considering revising the way first-time home buyers are treated in terms of stamp duty following the expiry of the exemption; and if he will make a statement on the matter. [16602/14]
View answerBudget 2011 reduced the Stamp Duty rate on residential property purchases while abolishing some reliefs and exemptions, including First Time Buyer relief. This was done to help broaden the tax base and lower the rate of stamp duty for most purchasers. All purchasers of residential property under €1 million in value, are now only liable for stamp duty at 1%.
I have no plans at this time to reintroduce First Time Buyer relief.
