Written answers

Wednesday, 15 December 2010

11:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)
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Question 113: To ask the Minister for Finance if changes in respect of civil unions affecting taxation matters have been included in the budget and the forthcoming finance Bill; and if he will make a statement on the matter. [47530/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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It is intended that the forthcoming Finance Bill will provide for the same tax treatment for registered civil partners as for married couples and will have effect for the year of assessment 2011. These changes are as a result of the passing of the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010.

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 114: To ask the Minister for Finance if the new rates of stamp duty approved by Dáil Éireann following budget 2011 could also be applied to the purchase of a site by a person wishing to build and own their first home. [47535/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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Budget 2011 provides for a major reform of the charge to Stamp Duty on transactions of residential property. The change involves a simplification of the system by lowering the rates of Stamp Duty and abolishing a number of exemptions and reliefs. The new Stamp Duty rates – 1% where the consideration does not exceed €1 million and 2% on the excess of the consideration over €1 million – apply to transfers of residential property and as such do not apply to the purchase of a site. The question of whether a property is residential or non-residential is determined by the use of the property at the time of the transaction, rather than its potential future use. Extending the residential rates to some non-residential transfers but not others could give rise to verification difficulties and potential evasion.

The Stamp Duty rates for non-residential property which have been in operation since 15 October 2008 remain unchanged. They are as set out in the following table:

Aggregate ConsiderationRate of Duty
Up to €10,000Exempt
€10,001 to €20,0001%
€20,001 to €30,0002%
€30,001 to €40,0003%
€40,001 to €70,0004%
€70,001 to €80,0005%
Over €80,0006%

Photo of Noel AhernNoel Ahern (Dublin North West, Fianna Fail)
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Question 116: To ask the Minister for Finance the position regarding a couple over 66 years who are in receipt of contributory old age pension and social welfare pension when one of the persons also is in receipt of an occupational pension of approximately €100 a week; if he will list the taxation, levy, PRSI, health contribution levels before and after the recent budget including universal social charge; and if he will make a statement on the matter. [47566/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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It is assumed that the Deputy is referring to a couple aged over 66 but younger than 80 and that one of the individuals is in receipt of an occupational pension of approximately €5,200 per annum and in receipt of a contributory State pension of €22,703 which includes an increase for a qualified adult. On that basis, the indicative calculations for Income Tax, PRSI, Income Levy, Health Levy and the Universal Social Charge for 2010 and 2011 are set below:

20102011
State PensionOccupational pensionGross IncomeIncome Tax liabilityPRSI liabilityIncome Levy liabilityHealth Levy liabilityUniversal Social ChargeTotal tax liabilityNet IncomeAnnual lossWeekly loss€22,7035,20027,9030n/a00n/a027,903€22,7035,20027,9030n/an/an/a10410427,799-104-2

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