Michael McGrath (Cork South Central, Fianna Fail)
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144. To ask the Minister for Finance the estimated tax revenue from the increase in stamp duty from 2% to 6% on commercial property; if this estimate was based on current 2017 volume; if it is assumed 2018 sales volumes will be equal to 2017 volumes; and if he will make a statement on the matter. [44052/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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The Revenue Ready Reckoner ,on page 18) shows the effect of a 0.5% increase in the Stamp Duty rate on non-residential property (€47m). This is multiplied up to €94m for a 1% increase, or €376m for a 4% increase.

I am advised by Revenue that the estimated yield for 2018 is based on payments of Stamp Duty on the purchase of non-residential property in 2016 and an assessment of trends in payments in 2017 to date. The estimated yield makes an assumption of no behavioural change.