The application of the 10% rate of stamp duty to certain acquisitions of residential property is provided for in section 31E of the Stamp Duties Consolidation Act 1999, as introduced by the Finance (Covid-19 and Miscellaneous Provisions) Act 2021.
I am advised by Revenue that the available information in respect of tax collected under this provision is the number of properties and associated amount of stamp duty for the years 2021 to 2023. A breakdown by month of payment is not available due to the low number of taxpayers associated with these transactions and Revenue’s obligations to protect taxpayer confidentiality.
Stamp Duty Section 31E
|
10% Duty payable (€m)
|
Number of Properties
|
2021
|
4.7
|
187
|
2022
|
14.3
|
395
|
2023
|
22.1
|
623
|