Derek Nolan (Galway West, Labour)
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Question 97: To ask the Minister for Finance the position regarding stamp duty charges for first-time buyers; if consideration has been given to the elimination of stamp duty for first-time buyers; and if he will make a statement on the matter. [15839/11]

Michael Noonan (Limerick City, Fine Gael)
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Budget 2011 reduced the Stamp Duty rate on residential property purchases while abolishing some reliefs and exemptions, including First Time Buyer relief. This was done to help broaden the tax base and lower the rate of stamp duty for most purchasers. All purchasers of residential property under €1 million in value, are now only liable for stamp duty at 1%. I have no plans at this time to reintroduce First Time Buyer relief.