Written answers

Tuesday, 8 November 2016

Photo of Clare DalyClare Daly (Dublin Fingal, Independent)
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114. To ask the Minister for Finance to set out the cost to the Exchequer of the abolition of stamp duty for first-time buyers in each of the years for which that scheme was operational. [33469/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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It is assumed that the Deputy is referring to the period from 31 March 2007 to 8 December 2010 during which first time buyers were entirely exempt from stamp duty. I am advised by Revenue that the following table shows the annual tax foregone as a result of this exemption.

YearTax Foregone €m
201079
200982
2008179
2007136

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