Peter Fitzpatrick (Louth, Fine Gael) | Oireachtas source

I know that the stamp duty on commercial property transactions was 9% between 2002 and 2008. I have concerns about small businesses. I wonder what kind of damage increasing the stamp duty from 2% to 6% will do. As a former businessman, I remember buying a business years ago. The good thing about a small businessperson buying his or her own property is that it means that he or she is not worried about hikes in rent and everything else. We must not forget that the SMEs have played a major part in the recovery of the economy. Multinational companies can afford to pay an increase, but that is not the case for SMEs and the farming community.

Is there any way that we can help these small and medium enterprises with stamp duty?

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