Written answers
Tuesday, 23 May 2006
Department of Finance
Tax Code
9:00 pm
Róisín Shortall (Dublin North West, Labour)
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Question 258: To ask the Minister for Finance the stamp duty rates for residential property applying to non first-time buyers immediately before 2 December 2004. [19192/06]
Brian Cowen (Laois-Offaly, Fianna Fail)
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In the case of second-hand residential property, the rates of stamp duty for non first time buyers are:
| % | |
| Up to €127,000 | 0 |
| From €127,001 to €195,500 | 3 |
| From €195,501 to €254,000 | 4 |
| From €254,001 to €317,500 | 5 |
| From €317,501 to €381,000 | 6 |
| From €381,001 to €635,000 | 7.5 |
| Over €635,000 | 9 |
All owner occupiers can purchase a new home between 38 sq. m and 125 sq. m, where a Floor Area Compliance Certificate has been obtained, without a liability to stamp duty. Where a new house is over 125 sq. m., stamp duty is charged on either the value of the site or 25% of the value of the property, whichever is the greater, using the rates listed above.
In the case of a non-owner occupier of a new home, stamp duty is charged at the rates applying to non-first time buyers of second-hand residential property, listed above.
Jack Wall (Kildare South, Labour)
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Question 259: To ask the Minister for Finance if a person (details supplied) in County Kildare will be furnished with a P21 for 2005. [19253/06]
Brian Cowen (Laois-Offaly, Fianna Fail)
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I have been advised by the Revenue Commissioners that a PAYE Balancing Statement (Form P21) for 2005 issued to the taxpayer on 16 May 2006.
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