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

An additional rate of stamp duty, on top of that which currently applies, will be payable. The stamp duty rate has been tripled.

While I accept the point that it is possible that transactions that were due to go ahead next year anyway will now go ahead in a more favourable environment, that will be offset, I believe, by the additional land and property that should be released next year as a result of this move. I am aware of specific cases where owners of property have made decisions not to go ahead with development, both commercial and residential, because of the way this policy was in the past, and I am looking to change that.