Written answers

Thursday, 15 February 2018

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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117. To ask the Minister for Finance the estimated revenue to be received from non-residential construction stamp duty in each of the years 2019 to 2021; the estimated number of transactions in each of these years; and if he will make a statement on the matter. [8046/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised that, while forecasts for 2019 to 2021 are not available, Revenue provide estimates of receipts for the current Budget year. Revenue’s estimates for Stamp Duty from non-residential property transactions 2018 are based on receipts for previous years, as well as impacts of earlier policy changes and assessment of significant once-off transactions that are not expected to reoccur on a regular basis. These estimates are produced on a conservative and prudent basis.

I am informed by Revenue it is estimated that Stamp Duty receipts from non-residential property for 2018 will be in the region of €600 million. An estimate for the number of transactions is not available.

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