Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The other issue then is the stamp duty. I was interested in Mr. Hogan's opening statement. I was reflecting on it with the Revenue's post-budget ready reckoner, which showed a €2 million increase on the 0.5% rate for commercial stamp duty. He makes the point in his opening statement that "We are advised by Revenue that, adjusting for possible one-off transactions in 2016, receipts in the three-year period from 2014 to 2016 were quite stable and Revenue's assessment is that it seems reasonable to expect this level of activity is sustainable and for it to continue." How long does the Department expect the €9 billion of commercial property transactions to continue? I refer to it because that is what this is based on.