Written answers
Tuesday, 8 November 2016
Department of Finance
Stamp Duty
Clare Daly (Dublin Fingal, Independent)
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114. To ask the Minister for Finance to set out the cost to the Exchequer of the abolition of stamp duty for first-time buyers in each of the years for which that scheme was operational. [33469/16]
Michael Noonan (Limerick City, Fine Gael)
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It is assumed that the Deputy is referring to the period from 31 March 2007 to 8 December 2010 during which first time buyers were entirely exempt from stamp duty. I am advised by Revenue that the following table shows the annual tax foregone as a result of this exemption.
Year | Tax Foregone €m |
---|---|
2010 | 79 |
2009 | 82 |
2008 | 179 |
2007 | 136 |
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