Tuesday, 17 December 2019

Questions (108, 109, 110, 111)

Darragh O'Brien

Question:

108. Deputy Darragh O'Brien asked the Minister for Finance the first and full-year cost of abolishing stamp duty for first-time buyers of a residential property. [52559/19]

View answer

Darragh O'Brien

Question:

109. Deputy Darragh O'Brien asked the Minister for Finance the estimated additional revenue from a 1% stamp duty surcharge on residential property purchases by REITs, IREFs and section 110 companies; and if he will make a statement on the matter. [52560/19]

View answer

Darragh O'Brien

Question:

110. Deputy Darragh O'Brien asked the Minister for Finance the estimated revenue generated by stamp duty receipts from residential property purchases by REITs, IREFs and section 110 companies per annum since 2016; and if he will make a statement on the matter. [52561/19]

View answer

Darragh O'Brien

Question:

111. Deputy Darragh O'Brien asked the Minister for Finance the estimated additional revenue from a 1% stamp duty surcharge on residential property purchases by non-Irish resident purchasers; and if he will make a statement on the matter. [52562/19]

View answer

Written answers (Question to Finance)

I propose to take Questions Nos. 108 to 111, inclusive, together.

I am advised by Revenue that it is not possible to provide the information requested by the Deputy as the categories of purchaser mentioned (first time buyers, REITs, IREFs, section 110 companies and non-Irish residents) are not separately identified on Revenue’s Stamp Duty system. This is because there is no differential treatment applied to such taxpayers in the application of Stamp Duty on the purchase of residential property.