Written answers

Wednesday, 18 October 2006

9:00 pm

Photo of Bernard AllenBernard Allen (Cork North Central, Fine Gael)
Link to this: Individually | In context

Question 98: To ask the Minister for Finance the value of stamp duty raised from first-time buyers in the most recent year for which data is available; and the stamp duty raised from houses in different price ranges. [33156/06]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context

I am informed by the Revenue Commissioners that the stamp duty yield in residential property sales where the relief for first-time buyers applied is estimated at €44 million in 2005 and €40 million in 2006 to end August.

The Stamp Duty yield from all residential property (including first-time buyers) broken down by reference to the consideration price bands corresponding to the rates of stamp duty is as follows:

Consideration price bands:2005 Yield
€m
€127,001-€190,50054
€190,501-€254,00093
€254,001-€317,50097
€317,501-€381,000110
€381,001-€635,000229
Over €635,000341

These figures are rounded to the nearest million euro and are based on the yield arising from transaction documents stamped at any time during 2005. The total yield accounted for in this way does not coincide entirely with other figures recently supplied for the total yield from residential property in 2005 which were based on cash receipts brought to account in the year.

Comments

No comments

Log in or join to post a public comment.