Written answers
Wednesday, 8 November 2006
Department of Finance
Tax Yield
9:00 pm
Ivor 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]
Brian 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.
Year | Residential Property |
€m | |
1996 | 149 |
1997 | 194 |
1998 | 213 |
1999 | 263 |
2000 | 282 |
2001 | 265 |
2002 | 349 |
2003 | 528 |
2004 | 752 |
2005 | 945 |
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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