John Perry (Sligo-North Leitrim, Fine Gael)
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Question 119: To ask the Minister for Finance the value of the tax take that relates to residential property transactions included in the total VAT, capital gains tax and stamp duty tax take for 2006 and 2007; and if he will make a statement on the matter. [24374/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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According to the Revenue Commissioners, Stamp Duty from Residential Properties on a Revenue net receipts basis for 2006 was €1,311 million, or 36% of total net Stamp Duty receipts. Stamp Duty from Residential Properties on a Revenue net receipts basis for 2007 was €1,018 million, or 31% of total net Stamp Duty receipts. Revenue net receipts differ from Exchequer receipts due to accounting and timing issues.

In relation to VAT, I am informed by the Revenue Commissioners that it is not possible to furnish precise figures of the VAT take from residential property transactions, as the information furnished on VAT returns does not require the yield from particular sectors of trade to be identified. However, based on data published by the Department of the Environment, Heritage and Local Government, the estimated yield from residential property transactions, which excludes VAT on residential repairs and maintenance, was €2,727 million in 2006 and €2,424 million in 2007.

Finally, according to the Revenue Commissioners, a breakdown of capital gains tax by asset type is not available. However, it is possible to provide a proportional breakdown by reference to asset types of the aggregate consideration underlying chargeable gains, that is, the total selling price prior to allowing any offsets or deductions, for the tax year 2006. On the basis of the 2006 Form 11 tax returns, 18% of the aggregate consideration was attributed to the disposal of residential property. Data for the tax year 2007 is not yet available as the income tax returns for that year are not due for filing until October 2008.