Oireachtas Joint and Select Committees
Wednesday, 8 November 2023
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance (No. 2) Bill 2023: Committee Stage (Resumed)
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I would appreciate that because I would be interested to learn how many properties that are not high-end properties are now charging over €3,300 per month. If the Minister could get those data, it would be helpful. There is obviously a reason this is being done. There is a €10,000 increase and as the Minister said, this follows on from an increase a number of years ago. It went from €30,000 to €50,000 in six years, which, again, is a symptom of the runaway rents that occurred under the Government and the previous one. Now this is allowing for rents per month of over €4,100 to exempt from stamp duty.
There is another provision regarding leases. There are two parts to this. There is the overall threshold but is it correct that if you are leasing over 35 years regardless of the rent, stamp duty applies or does the threshold kick in?
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