Friday, 6 September 2019

Ceisteanna (143)

Willie O'Dea

Ceist:

143. Deputy Willie O'Dea asked the Minister for Finance the estimated amount that would be generated if the 2% stamp duty on houses that are sold for in excess of €1 million was increased to 3%; and if he will make a statement on the matter. [36107/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I am advised by Revenue that a Ready Reckoner providing estimated impacts for potential changes to a wide range of taxes and duties is available at www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf.

Regarding your question on stamp duty, the Ready Reckoner provides the estimated impact of increasing the rate of Stamp Duty on the excess of considerations on residential properties over €1 million to 3% on page 19.