Richard Boyd Barrett
Question:158. Deputy Richard Boyd Barrett asked the Minister for Finance the amount that would be raised annually by increasing the rate of stamp duty to 6%; and if he will make a statement on the matter. [36593/18]
View answerFriday, 7 September 2018
Questions (158)
Written answers
The current rate of Stamp Duty on residential property is 1% on first €1 million of consideration and 2% on any excess. The current rate on non-residential property is 6% on the full consideration. It is therefore assumed that the Deputy is referring to residential property in his Question.
I am advised by Revenue that a Ready Reckoner is available on the Revenue Statistics webpage at:
https://www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx.
This Ready Reckoner shows a wide range of detailed information, including changes to the Stamp Duty rate on residential property (page 18). While the Ready Reckoner does not show the specific costing requested by the Deputy, it can be estimated on a pro-rata or straight line basis with those displayed in the Ready Reckoner.