Tax Collection

Thursday, 1 February 2024

Questions (153)

Thomas Gould

Question:

153. Deputy Thomas Gould asked the Minister for Finance the number of homes for which the increased stamp duty for bulk buys has been paid in Cork. [4604/24]

View answer

Written answers

Section 31E of the Stamp Duties Consolidation Act (SDCA) 1999 was introduced by the Finance (Covid-19 and Miscellaneous Provisions) Act 2021. It provides for a higher 10% rate of stamp duty to be charged on the acquisition of residential properties situated in the State, excluding apartments, where a person acquires at least 10 such properties during any 12-month period.

I am advised by Revenue that, based on returns for the period since the commencement of the higher stamp duty rate of 10% in 2021, it has applied to the purchase of 172 properties in Cork.

Question No. 154 answered orally.

Question No. 155 answered with Question No. 121.

Question No. 156 answered orally.

Question No. 157 answered with Question No. 127.

Question No. 158 answered with Question No. 142.

Question No. 159 answered with Question No. 121.