Joan Burton (Dublin West, Labour)
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86. To ask the Minister for Finance the estimated revenue anticipated from the increase in stamp duty in 2017 and each of the next three years; and if he will make a statement on the matter. [44789/17]

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 informed by Revenue that the estimated yield from the increase in Stamp Duty on non-residential property as announced in Budget 2018 measure 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. In the absence of any other forecast of transaction levels in the non-residential property market in 2018, trends from recent years provide the only reasonable basis on which to estimate future receipts. The estimated yield makes an assumption of no behavioural change.