Bernard Durkan (Kildare North, Fine Gael)
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Question 246: To ask the Minister for Finance if he will consider a reduction in stamp duty with a view to alleviating part of the financial burden for first-time house buyers; and if he will make a statement on the matter. [30285/04]

Brian Cowen (Laois-Offaly, Fianna Fail)
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Stamp duty is a significant contributor to the Exchequer which helps to fund Government spending on public services such as health and education. Stamp duty receipts also allow for a broader tax base than would otherwise be possible. All owner-occupiers are generally exempt from stamp duty on new houses where the property is 125 sq. m. or less. First-time buyers are also exempt from stamp duty on second hand houses up to the value of €190,500 and benefit, thereafter, from reduced rates on second hand properties up to €381,000 when compared to other purchasers. It is not the practice to comment in the lead up to the annual budget and Finance Bill on the intention, or otherwise, to make changes in taxation.