Written answers
Thursday, 19 October 2006
Department of Finance
Tax Yield
5:00 pm
Richard Bruton (Dublin North Central, Fine Gael)
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Question 157: To ask the Minister for Finance the revenue from stamp duty; and the number of transactions and the revenue in the most recent year for which data is available from stamp duty or transactions (details supplied). [33811/06]
Brian Cowen (Laois-Offaly, Fianna Fail)
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I am informed by the Revenue Commissioners that the breakdown of the total yield from stamp duties in 2005 and the numbers of associated transactions, where available, are as follows:
| Description> | Numbers of transactions where stamp duty was paid | Net Receipt |
| €m | ||
| Property: Residential* | 44,000 | 945 |
| Property: Non-Residential* | 41,000 | 1056 |
| Property: Mortgages* | 43,582 | 17.3 |
| Shares | 289,471 | 324 |
| Companies Capital Duty | 5,833 (B5 returns ) | 20.2 |
| Chargeable Cheques, Drafts & bills of exchange | 110,177,178 (chargeable cheques, drafts and bills) | 16.5 |
| Insurance Policies | 1,781,790 (chargeable policies) | 1.8 |
| General Deeds | Not available | 4.0 |
| Penalties | Not available | 9.7 |
| Credit and Charge Cards | 1,596,499 (chargeable cards) | 63.8 |
| Bank Levy | 27 (paying institutions) | 103 |
| Non-Life Levy | Not available | 90.8 |
| Section 84 loans | 1 (paying institution) | 0.07 |
| Cash (ATM) Cards | 2,240,090 (chargeable cards). The Finance Act 2005 synchronised the due dates for all institutions, creating in the process short chargeable periods for some institutions which reduced charges for the year 2005 on some cards as a transitional effect. Accordingly, the number of chargeable cards in 2005 cannot be derived directly from the figure of yield. | 22.4 |
| Debit Cards | 255,952 (chargeable cards) | 3.3 |
| Combined Cards | 642,985 (chargeable cards) "Section 84" financial institutions are no longer structuring these type of loans. | 12.2 |
| Total | 2,673** | |
| *The figures of yield shown for Residential and Non-Residential Property also include the yields attributable to mortgages for which a precise breakdown between the property types is not available. | ||
| **Any apparent discrepancy in totals is due to rounding of constituent figures. |
Some figures in the column for "Numbers of transactions" which do not relate to transactions are titled as appropriate. Leases are included in the figures provided for residential and non-residential property as appropriate and cannot be separately distinguished.
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