Written answers
Thursday, 5 October 2006
Department of Finance
Tax Yield
4:00 pm
Paul McGrath (Westmeath, Fine Gael)
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Question 81: To ask the Minister for Finance the amount of revenue which was generated from the collection of stamp duty for first-time buyers and for other buyers of houses on the property market here in each of the years, 2000 to 2005; and if he will make a statement on the matter. [31332/06]
Brian Cowen (Laois-Offaly, Fianna Fail)
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I am informed by the Revenue Commissioners that the relevant information is not available for years prior to 2001. The following is the information available:
Year | Stamp Duty Yield from sales of Residential Property | Stamp Duty Yield where First-Time Buyer Relief applied * | Stamp Duty Yield — Other Buyers |
€ million | € million | € million | |
2000 | 282 | Not available | Not available |
2001 | 265 | 22 | 243 |
2002 | 349 | 29 | 320 |
2003 | 528 | 52 | 476 |
2004 | 752 | 71 | 681 |
2005 | 945 | 44 | 901 |
* First-time buyers are identifiable where they have qualified for the first-time buyer relief and paid stamp duty at a lower rate than other buyers. As stamp duty rates for property transactions exceeding €381,000 (up to 1 December 2004) and exceeding €635,000 (on or after 2 December 2004) were the same for all residential purchasers, it is not possible to distinguish first time buyer transactions in excess of these values. |
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