Written answers

Tuesday, 22 January 2019

Photo of Michael McGrathMichael 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]

Photo of Paschal DonohoePaschal 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.

YearStamp Duty on non-residential property
2015€178 m
2016€256 m
2017€206 m
The latest Revenue figures show that just over €489 million was collected under this heading in 2018. 

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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