Tax Code

Dáil Éireann Debate, Tuesday - 30 June 2015

Tuesday, 30 June 2015

Ceisteanna (251)

Peadar Tóibín

Ceist:

251. Deputy Peadar Tóibín asked the Minister for Finance the revenue that would be generated from having 2% stamp duty on all property in excess of €500,000. [26039/15]

Freagraí scríofa

Minister for Finance

I am assuming that the Deputy's Question is in relation to stamp duty on residential property, which is currently 1% on the first €1 million and 2% on the excess. 

I am advised by the Revenue Commissioners that the estimated yield to the Exchequer from extending the 2% rate to residential property in excess of €500,000 would be €21 million.