Written answers
Tuesday, 22 January 2019
Department of Finance
Stamp Duty
Michael McGrath (Cork South Central, Fianna Fail)
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131. To ask the Minister for Finance the revenue generated from non-residential property stamp duty in each of the years 2015 to 2017; and if he will make a statement on the matter. [2792/19]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that receipts from Stamp Duty on non-residential property in the years 2015 to 2017 are as provided in the table.
Year | Stamp Duty on non-residential property |
---|---|
2015 | €178 m |
2016 | €256 m |
2017 | €206 m |
In the year to end-December 2018, €661 million was collected by Revenue in property related stamp duty (both residential and non-residential).
The principal aim of the stamp duty increase I announced in Budget 2018 was to help encourage increased home building and to stabilise the Irish property market. I consider that this it has made a positive contribution in this regard, with an increase in new home building seen in 2018, particularly in Dublin, and with house price inflation slowing.
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