Dáil Éireann Debate, Wednesday - 16 October 2019
93. Deputy Niamh Smyth asked the Minister for Finance the number of persons who have applied for the residential development stamp duty refund scheme; the number who have been successful in their application; and if he will make a statement on the matter. [42521/19]
View answerSection 83D of the Stamp Duties Consolidation Act 1999 provides for a refund (through the Residential Development Stamp Duty Refund Scheme) of up to two thirds, where the rate of Stamp Duty paid on the transfer of non-residential land is 6%, and the land is used to develop dwelling units.
I am advised by Revenue that the number of persons that have applied for a refund under the Scheme (to 4 October 2019) is 721. Of these, 699 persons have received refunds. The applications made by the other 22 persons are being processed.
Revenue has also advised me that more than one application for a refund under the Scheme can be received from the same person, for example an agent applying on behalf of multiple clients. The number of actual applications received (to 4 October 2019) is 835. Of these, 810 applications have received refunds. The other 25 applications are being processed.
