Written answers
Tuesday, 27 September 2016
Department of Finance
Stamp Duty
Ruth Coppinger (Dublin West, Anti-Austerity Alliance)
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196. To ask the Minister for Finance the amount that could be raised by restoring stamp duty on commercial property transactions to the previous rate of 6%; and if he will make a statement on the matter. [26989/16]
Ruth Coppinger (Dublin West, Anti-Austerity Alliance)
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197. To ask the Minister for Finance the amount that could be raised by increasing stamp duty on commercial property transactions to 10%. [26990/16]
Ruth Coppinger (Dublin West, Anti-Austerity Alliance)
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198. To ask the Minister for Finance the amount that could be raised annually by increasing stamp duty on shares to 4% or 5%. [26991/16]
Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 196 to 198, inclusive, together.
I am advised by Revenue that the projected yields from increasing the current rate of stamp duty on commercial property from 2% to 6% or 10% could be in the region of €468 million and €936 million respectively.
The projected yield from increasing the current rate of stamp duty on shares from 1% to 4% or 5% could be in the region of €1,320 million and €1,760 million respectively.
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