Written answers

Wednesday, 8 November 2006

9:00 pm

Photo of Ivor CallelyIvor Callely (Dublin North Central, Fianna Fail)
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Question 159: To ask the Minister for Finance the level of stamp duty from house sales generated each year over the past ten years; if he has received submissions for his consideration to reduce stamp duty rates or widen the bands; and if he will make a statement on the matter. [36774/06]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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The figures of total stamp duty yield from residential property over the past ten years are shown in the table.

YearResidential Property
€m
1996149
1997194
1998213
1999263
2000282
2001265
2002349
2003528
2004752
2005945

It should be noted that 2001 was the first year that the stamp duty yield on property was broken down into residential and non-residential property, and so previous years' yields are all estimates which may be less accurate than the figure for 2001.

I have received, as is customary, a number of pre-Budget submissions. These include proposals for change to Stamp Duty. As the Deputy will appreciate, it is not customary to comment on tax changes in advance of the Budget.

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