Catherine Murphy (Kildare North, Independent)
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Question 119: To ask the Minister for Finance if he will consider amending clauses (1) and (111) of paragraph [i]a[/i](11) of the Stamp Duties Consolidation Act 1999; if he agrees the time limit can be a problem when divorce or separation is protracted; if changes to the act are planned; the time frame involved; and if he will make a statement on the matter. [30959/11]

Michael Noonan (Limerick City, Fine Gael)
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The Deputy appears to be referring to Section 92B Stamp Duties Consolidation Act 1999, which relates to first time buyer relief from Stamp Duty on the purchase of residential property. Finance Act 2011 abolished first time buyer relief, along with a number of other reliefs from Stamp Duty on residential property transfers, as part of the process in which the Stamp Duty rate was reduced to 1% on properties valued up to €1 million and 2% on any balance over €1 million. I have no plans at this time to reintroduce this relief so the question of amending the provision does not arise.