Thursday, 5 July 2012
Department of Finance
Question 63: To ask the Minister for Finance the approximate level of VAT generated for the Exchequer from the sale of new residential housing in each of the past ten years in tabular form; the number of cases for each year; and if he will make a statement on the matter. [32919/12]
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 includes sales of new and social housing, is set out in the following table alongside the numbers of house completions for each year.
|Year||VAT Yield€m||Number of House Completions|
* Figures are provisional