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 162: To ask the Minister for Finance the total stamp duty revenue for first time buyers indicating the number and value thresholds of the properties involved; the revenue from investors classified similarly; and from other buyers classified similarly. [33841/06]
Brian Cowen (Laois-Offaly, Fianna Fail)
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I am informed by the Revenue Commissioners that the available information with regard to first-time buyers and other buyers broken down by reference to the consideration price bands corresponding to the rates of stamp duty, for 2005, is set out in the following table. It is not possible to distinguish investors from other buyers, excluding first-time buyers, as the same rates of stamp duty apply and the yield and numbers relating to both are included together as "Other" in the table.
| Stamp Duty 2005 | ||||
| Consideration price bands | Number of Transactions where First-Time Buyer Relief Applied | Stamp Duty Yield where First-Time Buyer Relief applied | Number of Transactions — Other | Stamp Duty Yield — Other |
| € million | € million | |||
| €127,001–€190,500 | 6 | 0 | 11,262 | 53.6 |
| €190,501–€254,000 | 286 | 1.8 | 10,728 | 91.0 |
| €254,001–€317,500 | 185 | 1.7 | 6,996 | 95.1 |
| €317,501–€381,000 | 1453 | 15.5 | 4,466 | 94.0 |
| €381,001–€635,000 | 900 | 24.6 | 5,578 | 204.1 |
| Over €635,000 | 0 | 0 | 2,939 | 340.9 |
| Figures of yield are rounded to 1 decimal place. |
The figures provided in the table 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.
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