Written answers
Thursday, 5 April 2007
Department of Finance
Tax Yield
5:00 pm
Ruairi Quinn (Dublin South East, Labour)
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Question 179: To ask the Minister for Finance the yield in 2006 from stamp duty on residential properties paid at each stamp duty rate, distinguishing between amounts paid by first-time buyers and other buyers; and if he will make a statement on the matter. [13783/07]
Ruairi Quinn (Dublin South East, Labour)
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Question 180: To ask the Minister for Finance the yield in 2006 from stamp duty on residential properties paid by owner-occupiers at each stamp duty rate, distinguishing between amounts paid by first-time buyers and other buyers; and if he will make a statement on the matter. [13784/07]
Brian Cowen (Laois-Offaly, Fianna Fail)
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I propose to take Questions Nos. 179 and 180 together.
I am informed by the Revenue Commissioners that the available information with regard to the yield in 2006 from stamp duty on residential properties broken down by reference to the consideration price bands corresponding to the rates of stamp duty, and between first-time buyers and other buyers, is set out in the following table. It is not possible to distinguish owner-occupiers from other buyers, excluding first-time buyers, as the same rates of stamp duty apply and the yield relating to both are included together as "Other" in the table.
| Stamp Duty 2006 | |||
| Consideration Price Bands: | Stamp Duty Yield from sales of Residential Property | Stamp Duty Yield where First-Time Buyer Relief applied* | Stamp Duty Yield — Other Buyers |
| € million | € million | € million | |
| €127,001-€190,500 | 52.9 | Negligible | 52.9 |
| €190,501-€254,000 | 98.2 | 0.3 | 97.9 |
| €254,001-€317,500 | 114 | 0.4 | 113.6 |
| €317,501-€381,000 | 153.4 | 25.9 | 127.5 |
| €381,001-€635,000 | 339.2 | 39.6 | 299.6 |
| Over €635,000 | 543.1 | — | 543.1 |
| *First-time buyers are identifiable where they have qualified for the first-time buyer relief and paid stamp duty at a lower rate than other buyers. As stamp duty rates for property transactions exceeding €635,000 (on or after 2 December 2004) were the same for all residential purchasers, it is not possible to distinguish first time buyer transactions in excess of these values. |
The figures provided in the table are based on the yield arising from transaction documents stamped at any time during 2006. The total yield accounted for in this way does not coincide entirely with other figures supplied for the total yield from residential property which are based on cash receipts brought to account in a year.
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