Pearse Doherty
Ceist:118. Deputy Pearse Doherty asked the Minister for Finance the estimated revenue which would be raised from increasing the rate of commercial stamp duty to 2.5%, 3%, 3.5% and 4%. [14884/17]
Amharc ar fhreagraTuesday, 28 March 2017
Ceisteanna (118, 119)
Pearse Doherty
Ceist:119. Deputy Pearse Doherty asked the Minister for Finance the estimated revenue that would be raised by increasing the stamp duty on share transactions from 1% to 1.1%, 1.2%, 1.3% and 1.4% respectively. [14885/17]
Amharc ar fhreagraFreagraí scríofa
I propose to take Questions Nos. 118 and 119 together.
In relation to Question 14884/17, the estimated yield from increasing rate of commercial Stamp Duty from current 2% to 2.5%, 3%, 3.5% and 4% is estimated at approximately €54 million, €108 million, €162 million and €215 million respectively.
In relation to the second question concerning proposed increases to Stamp Duty rates on share transactions, I am advised by Revenue that a Ready Reckoner is available on the Revenue Statistics webpage located at www.revenue.ie/en/about/statistics/index.html. The Ready Reckoner shows a wide range of detailed information, including changing the Stamp Duty rate applicable to shares on page 18. While the Ready Reckoner does not show all of the specific costings requested by the Deputy, they can be estimated on a straight line basis from those displayed in the Ready Reckoner.