Eamon Scanlon (Sligo-Leitrim, Fianna Fail) | Oireachtas source

I wish to make a few points on the stamp duty change. As has been said, it will take money from small farmers who decide to sell their land and retire. When one considers that 18 months ago the stamp duty on commercial property was 2% and today it is 7.5%, I honestly think it is a penal tax. It is very unfair and it will affect people with a small business who want to sell it and retire. The person purchasing the business will deduct 7.5% straight off the top from the very beginning. It is a penal tax and it was high enough at 6%.

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