Gerald Nash
Question:319. Deputy Ged Nash asked the Minister for Finance the estimated cost to the Exchequer of removing stamp duty on credit cards; and if he will make a statement on the matter. [39862/21]
View answerTuesday, 27 July 2021
Questions (319, 362, 363)
Gerald Nash
Question:362. Deputy Ged Nash asked the Minister for Finance the estimated yield which would accrue from a 1% increase in the rate of stamp duty on non-residential property; the estimated yield that would accrue if these rates were only subject to sales above €500,000 or €1,000,000, respectively in tabular form; and if he will make a statement on the matter. [39925/21]
View answerGerald Nash
Question:363. Deputy Ged Nash asked the Minister for Finance the estimated revenue which would be raised from increasing commercial stamp duty from 7.5% to 15%; and if he will make a statement on the matter. [39926/21]
View answerWritten answers
I propose to take Questions Nos. 319, 362 and 363 together.
Regarding Question No. 319 the yield from Stamp Duty on credit cards is published on the Revenue website at link: www.revenue.ie/en/corporate/information-about-revenue/statistics/receipts/receipts-stamp-duty.aspx. The cost of the abolition can be assumed to be in the region of the yield for the latest year.
Regarding Questions No. 362 and 363, the Revenue Ready Reckoner, which is available at link: www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf, shows on page 19, the estimated yield from changes to the rate of Stamp Duty on non-residential property. The proposed increases can be derived on a pro rata basis from information provided.