Dáil Éireann Debate, Wednesday - 8 July 2015
72. Deputy Thomas P. Broughan asked the Minister for Finance the additional revenue that would be generated if the Stamp Duty on conveyances and transfers of properties valued at over €1million was increased to 3%; and if he will make a statement on the matter. [27872/15]
View answerIt is assumed the Deputy is referring to stamp duty on residential property, which is currently 1% on the first €1 million of the consideration and 2% on the excess.
I am advised by the Revenue Commissioners that the estimated yield to the Exchequer from increasing the 2% rate to 3% would be in the region of €9 million.
