Written answers

Wednesday, 26 July 2017

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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180. To ask the Minister for Finance the amount that would be collected by increasing stamp duty on commercial property to 6%. [36324/17]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The rate of stamp duty on commercial property is currently set at 2%. I am advised by Revenue that an increase of 4% would generate an estimated additional €376m in stamp duty revenue, bringing the total receipts from stamp duty on commercial property to an estimated €564m.

The deputy may be interested to note that Revenue have recently published their Pre-Budget 2018 Ready Reckoner, available at the following link:

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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181. To ask the Minister for Finance the amount that would be raised from a tax on non-family homes levied at €600 per annum for second homes and €1,000 per annum for all subsequent properties. [36325/17]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am informed by Revenue that a tax on second and subsequent non-family homes levied at €600 for the second homes and €1,000 on all subsequent properties would have an annual yield in the region of €229 million. This is based on those properties indicated to be non-principal primary residencies by their owners in their LPT returns.

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