Written answers
Thursday, 5 March 2020
Department of Finance
Stamp Duty
Catherine Murphy (Kildare North, Social Democrats)
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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]
Paschal Donohoe (Dublin Central, Fine Gael)
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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%.
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