Noel Grealish (Galway West, Independent)
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192. To ask the Minister for Finance the rate of stamp duty payable in a case (details supplied); and if he will make a statement on the matter. [10125/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that the rate of Stamp Duty applicable to the case in question is 6%.

The transitional arrangements from the previous 2% rate to the 6% rate as set out in the 2017 Finance Bill only apply in situations where there was a binding contact in place prior to 10 October 2017.

While the property in question was subject to an offer to purchase, there was no binding contact in place prior to 10 October 2017. As a consequence, the sale did not qualify for the 2% rate.