Dáil Éireann Debate, Tuesday - 22 January 2019
131. Deputy Michael McGrath asked the Minister for Finance the revenue generated from non-residential property stamp duty in each of the years 2015 to 2017; and if he will make a statement on the matter. [2792/19]
Amharc ar fhreagraI am advised by Revenue that receipts from Stamp Duty on non-residential property in the years 2015 to 2017 are as provided in the table.
|
Year |
Stamp Duty on non-residential property |
|
2015 |
€178 m |
|
2016 |
€256 m |
|
2017 |
€206 m |
The latest Revenue figures show that just over €489 million was collected under this heading in 2018.
In the year to end-December 2018, €661 million was collected by Revenue in property related stamp duty (both residential and non-residential).
The principal aim of the stamp duty increase I announced in Budget 2018 was to help encourage increased home building and to stabilise the Irish property market. I consider that this it has made a positive contribution in this regard, with an increase in new home building seen in 2018, particularly in Dublin, and with house price inflation slowing.
