Thursday, 5 March 2020
Department of Finance
87. To ask the Minister for Finance the estimated additional revenue that would be generated if the stamp duty on private residential properties in excess of €1 million increased from 2% to 4%. [3188/20]
I am advised by Revenue that the Ready Reckoner, which is available on the Revenue website at link www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf, provides (on page 19) the estimated additional revenue that would be generated by increasing the rate of Stamp Duty on the portion of cost for a residential property above €1 million to 4%.