Written answers
Friday, 6 September 2019
Department of Finance
Tax Collection Forecasts
Willie O'Dea (Limerick City, Fianna Fail)
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143. To ask the Minister for Finance the estimated amount that would be generated if the 2% stamp duty on houses that are sold for in excess of €1 million was increased to 3%; and if he will make a statement on the matter. [36107/19]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that a Ready Reckoner providing estimated impacts for potential changes to a wide range of taxes and duties is available at www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf.
Regarding your question on stamp duty, the Ready Reckoner provides the estimated impact of increasing the rate of Stamp Duty on the excess of considerations on residential properties over €1 million to 3% on page 19.
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