I am advised by Revenue that the amount raised in each of the last three years through Stamp Duty on leases, where the consideration is greater than €2,500, is provided in the following table.
Year
|
Stamp Duty paid (million)
|
2018
|
€20.08
|
2017
|
€7.27
|
2016
|
€8.71
|
I assume that the Deputy is referring to the monthly residential rental threshold of €2,500 for all leases executed before 25 December 2017 and €3,333 for leases executed on or after that date.
As set out in Schedule 1 of the Stamp Duty Consolidation Act 1999, under "LEASE", Stamp Duty is not payable on a lease for a residential house or apartment if:
- the rent is €40,000 or less per year (€30,000 if the lease was executed before 25 December 2017), and
- the period of the lease is 35 years or less, or is for an indefinite period.
I am advised by Revenue that the amount raised in each of the last three years through Stamp Duty on residential leases is provided in the following table.
Year
|
Stamp Duty paid (million)
|
2018
|
€0.14
|
2017
|
€0.2
|
2016
|
€0.15
|
I have no plans at this time to amend the legislation on this Stamp Duty.