Written answers

Thursday, 21 January 2021

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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64. To ask the Minister for Finance the revenue raised in stamp duty from real estate investment trusts as a result of the insertion of section 31D in the Stamp Duty Consolidation Act 1999 since it took effect on 9 October 2019. [3095/21]

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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65. To ask the Minister for Finance the estimated revenue that would have been raised in stamp duty since 9 October 2019 had REITs been incorporated into section 31C of the Stamp Duty Consolidation Act 1999. [3096/21]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 64 and 65 together.

I am advised by Revenue that due to the small number of Real Estate Investment Trusts (REITs) involved, and its obligation to maintain the confidentiality of taxpayer information, the data sought by the Deputy cannot be provided. I am further advised that regarding Question 3096/21, is not possible to estimate the revenue that would have been raised had REITs been incorporated into section 31(C) of the Stamp Duty Consolidation Act 1999, as information on the relevant transactions, that would be subject to such a change, is not required to be reported to Revenue.

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