Catherine Murphy
Ceist:111. Deputy Catherine Murphy asked the Minister for Finance the estimated cost of abolishing stamp duty for first-time buyers of homes costing less than €425,000. [20510/23]
Amharc ar fhreagraWednesday, 3 May 2023
Ceisteanna (111)
Freagraí scríofa
I am advised by Revenue that based on stamp duty returns for 2022, the latest year for which fully analysed data are available, the estimated cost of abolishing stamp duty for first-time buyers of homes of less than €425k is in the order of €40 million.
This estimate is arrived at by taking the stamp duty returns for residential property purchases made by persons identifying themselves as first-time buyers where the consideration was less than the suggested threshold and taking the associated tax liability as the potential cost of exempting them from the duty.