Dáil Éireann Debate, Tuesday - 15 June 2010
131 Deputy Leo Varadkar asked the Minister for Finance the number of transactions in respect of stamp duty on residential property transactions for 2009 and each of the preceding five years; if the residential property was a new house or apartment or a second hand property; the band of stamp duty into which the property fell; and if he will make a statement on the matter. [25259/10]
Amharc ar fhreagraI am informed by the Revenue Commissioners that stamp duty data on residential property transactions are not captured in such a manner that would enable a breakdown to be provided between second-hand and new residential properties and between house and apartment property types. As the majority of new houses purchases are exempt from stamp duty — only new properties in excess of 125 square metres for owner-occupiers or new properties purchased as investments are stampable — it can be reasonably assumed that the bulk of stamp duty paid transactions in respect of residential property relates to second-hand properties.
The available information is in respect of the total number of residential property transactions, where stamp duty was paid in the years 2004 to 2009, broken down by reference to the consideration price bands corresponding to the rates of stamp duty, and is set out in the following tables:
|
Consideration Price Bands: |
Number of Duty Paid Transactions |
|
€127,001 – €190,500 |
10,706 |
|
€190,501 – €254,000 |
13,432 |
|
€254,001 – €317,500 |
8,504 |
|
€317,501 – €381,000 |
4,679 |
|
€381,001 – €635,000 |
4,653 |
|
Over €635,000 |
1,968 |
|
Total |
43,942 |
|
Consideration Price Bands: |
Number of Duty Paid Transactions |
|
€127,001 – €190,500 |
11,268 |
|
€190,501 – €254,000 |
11,014 |
|
€254,001 – €317,500 |
7,181 |
|
€317,501 – €381,000 |
5,919 |
|
€381,001 – €635,000 |
6,478 |
|
Over €635,000 |
2,939 |
|
Total |
44,799 |
|
Consideration Price Bands: |
Number of Duty Paid Transactions |
|
€127,001 – €190,500 |
10,877 |
|
€190,501 – €254,000 |
11,088 |
|
€254,001 – €317,500 |
8,007 |
|
€317,501 – €381,000 |
8,600 |
|
€381,001 – €635,000 |
9,833 |
|
Over €635,000 |
4,496 |
|
Total |
52,901 |
|
(a) Deeds executed up to 5 November 2007 |
|
|---|---|
|
Consideration Price Bands: |
Number of Duty Paid Transactions |
|
€127,001 – €190,500 |
8,159 |
|
€190,501 – €254,000 |
8,512 |
|
€254,001 – €317,500 |
6,568 |
|
€317,501 – €381,000 |
5,785 |
|
€381,001 – €635,000 |
7,231 |
|
Over €635,000 |
3,364 |
|
Total |
39,619 |
|
Consideration Price Bands: |
Number of Duty Paid Transactions |
|
€0 – €125,000 |
15 |
|
€125,001 – €1,000,000 |
1,374 |
|
Over €1,000,000 |
71 |
|
Total |
1,460 |
|
Consideration Price Bands: |
Number of Duty Paid Transactions |
|
€0 – €125,000 |
120 |
|
€125,001 – €1,000,000 |
24,473 |
|
Over €1,000,000 |
778 |
|
Total |
25,371 |
|
Consideration Price Bands: |
Number of Duty Paid Transactions |
|
€0 – €125,000 |
277 |
|
€125,001 – €1,000,000 |
11,289 |
|
Over €1,000,000 |
200 |
|
Total |
11,766 |
For the years 2007, 2008 and 2009 figures are available to show that some duty paid transactions fall within the lowest consideration price band because they formed part of a larger transaction or series of transactions.
Particulars of transactions where no stamp duty is payable are not normally captured and, accordingly, it is not possible to provide reliable information in relation to exempt categories.
132 Deputy Leo Varadkar asked the Minister for Finance the number of exemptions granted in respect of stamp duty on residential property transactions in 2009 and each of the preceding five years; if he will provide a breakdown of same based on the nature of the exemption; and if he will make a statement on the matter. [25261/10]
Amharc ar fhreagraI am informed by the Revenue Commissioners that, while particulars of transactions where no stamp duty is payable are not normally captured, some relevant information is available on the number of transactions qualifying for the first time buyer exemption from Stamp Duty introduced in Finance (No. 2) Act 2007.
The figures for the years 2007, 2008 and 2009 are as follows:
|
Year |
Number of transactions |
|
2007 |
3,093 |
|
2008 |
5,178 |
|
2009 |
1,958 |
