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Tax Reliefs Application

Dáil Éireann Debate, Thursday - 25 September 2014

Thursday, 25 September 2014

Questions (76, 82)

Michael McGrath

Question:

76. Deputy Michael McGrath asked the Minister for Finance the cost of extending the stamp duty consanguinity relief for non-residential property after 31 December 2014; and if he will make a statement on the matter. [36391/14]

View answer

Michael McGrath

Question:

82. Deputy Michael McGrath asked the Minister for Finance the cost of extending the 1% stamp duty rate for transfers to close relatives post 2014; and if he will make a statement on the matter. [36397/14]

View answer

Written answers

I propose to take Questions Nos. 76 and 82 together.

It is assumed the Deputy is referring in both questions to the stamp duty consanguinity relief for non-residential property. I am advised by the Revenue Commissioners that the estimated cost to the Exchequer from extending the relief after 31 December 2014 would be in the region of €5 million.

Questions Nos. 77 to 79, inclusive, answered with Question No. 73.
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