Dáil Éireann Debate, Tuesday - 8 July 2014
200. Deputy Kevin Humphreys asked the Minister for Finance if he will provide a list for each year since 1997 the applicable stamp duty rate on non-residential property; and if he will make a statement on the matter. [29634/14]
View answerThe rates of stamp duty which applied to non-residential property since 1997 are set out in the following tables. In Budget 2012 I introduced a single stamp duty rate of 2% in respect of non-residential property, which includes farmland as well as commercial and industrial buildings. This reduction was part of an overall budgetary strategy to encourage activity in the construction, development and property sectors as they recovered from the effects of the property downturn.
1 January 1997 to 31 December 2001
|
Aggregate Consideration |
Rate |
|
Up to £5,000 |
Exempt |
|
£5,001 to £10,000 |
1% |
|
£10,001 to £15,000 |
2% |
|
£15,001 to £25,000 |
3% |
|
£25,001 to £50,000 |
4% |
|
£50,001 to £60,000 |
5% |
|
Over £60,000 |
6% |
1 January 2002 to 3 December 2002 (This table is the same as the table above adjusted to take account of the changeover to Euros)
|
Aggregate Consideration |
Rate |
|
Up to €6,350 |
Exempt |
|
€6,351 to €12,700 |
1% |
|
€12,701 to €19,050 |
2% |
|
€19,051 to €31,750 |
3% |
|
€31,751 to €63,500 |
4% |
|
€63,501 to €76,200 |
5% |
|
Over €76,200 |
6% |
4 December 2002 to 15 October 2008
|
Aggregate Consideration |
Rate |
|
Up to €10,000 |
Exempt |
|
€10,001 to €20,000 |
1% |
|
€20,001 to €30,000 |
2% |
|
€30,001 to €40,000 |
3% |
|
€40,001 to €70,000 |
4% |
|
€70,001 to €80,000 |
5% |
|
€80,001 to €100,000 |
6% |
|
€100,001 to €120,000 |
7% |
|
€120,001 to €150,000 |
8% |
|
Over €150,000 |
9% |
16 October 2008 to 6 December 2011
|
Aggregate Consideration |
Rate |
|
Up to €10,000 |
Exempt |
|
€10,001 to €20,000 |
1% |
|
€20,001 to €30,000 |
2% |
|
€30,001 to €40,000 |
3% |
|
€40,001 to €70,000 |
4% |
|
€70,001 to €80,000 |
5% |
|
Over €80,000 |
6% |
7 December 2011 to date
2% flat rate on the entire consideration.
