Oireachtas Joint and Select Committees

Thursday, 9 November 2017

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2017: Committee Stage (Resumed)

10:00 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I would like to make two points. I referred earlier to Section 604A of the Taxes Consolidation Act 1997. This applies to all property purchased within the EEA. In terms of interpretation of that provision, property includes buildings. In regard to the Deputy's second point regarding the tax effect of this measure, following the coming into effect of this measure next year, in conjunction with the measure I have introduced in respect of stamp duty on commercial property, commercial transactions which occur next year will be subject to the higher stamp duty rate of 6%, as opposed to 2%. While it is possible-----

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