Written answers

Wednesday, 12 December 2007

9:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)
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Question 108: To ask the Tánaiste and Minister for Finance his views on backdating the latest stamp duty concessions to the June start date for the concession for first time buyers in view of his indication at that time that no further changes would be made. [34608/07]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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The reform of stamp duty on residential property has been introduced with immediate effect from Budget day, 5th December. However, and as with the abolition of stamp duty for first-time buyers which I introduced earlier this year, the benefit of the changes will cover some conveyances executed prior to that date. Conveyances executed on or after 5 November 2007 had a statutory 30 day period to be presented to the Revenue Commissioners for stamping and payment; this period finished on 5 December 2007.

As usual when changes such as this are introduced from a certain date such as Budget day, there are some people who do not benefit and are naturally disappointed.

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