Alan Kelly
Question:29. Deputy Alan Kelly asked the Minister for Finance the cost of abolishing stamp duty on first time buyers of homes of less than €385,000. [9532/24]
View answerWednesday, 28 February 2024
Questions (29)
Written answers
I am advised by Revenue that, based on stamp duty returns for 2023, the latest year for which fully analysed data are available, the estimated cost of abolishing stamp duty for first-time buyers of homes of less than €385,000 is in the order of €31 million.
This estimate is arrived at by taking the stamp duty returns for residential property purchases made by persons identifying themselves as first-time buyers, where the consideration was less than the suggested threshold, and taking the associated tax liability as the potential cost of exempting them from the duty.