Cian O'Callaghan (Dublin Bay North, Social Democrats)
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78. To ask the Minister for Finance the amount being raised from stamp duty on rents greater than €30,000 per annum; and if he will make a statement on the matter. [38605/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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It is assumed the Deputy is referring to Stamp Duty payable on certain leases for residential houses or apartments.

I am advised by Revenue that the amounts raised for the most recent three years through Stamp Duty on all such liable residential leases, including both short-term and long-term leases, is provided in the table below.

Stamp Duty is payable on a lease of land situated in Ireland. Land includes agricultural land and buildings on the land. Buildings include commercial as well as residential buildings.

When a person purchases an apartment, it is done by way of a lease, and Stamp Duty is accordingly paid on the lease. However, a lease for a residential house or apartment is exempt from Stamp Duty if:

- the rent is €40,000 or less per year; and,

- the period of the lease is 35 years or less or is for an indefinite period.

Stamp Duty is chargeable on all other residential leases unless a person can claim a different exemption or relief, and is paid on the average annual rent.

Further information can be found on Revenue's website at www.revenue.ie/en/property/stamp-duty/leases/index.aspx.

Claire Kerrane (Roscommon-Galway, Sinn Fein)
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79. To ask the Minister for Finance the estimated full year yield in 2022 that would be raised by tapering out the personal, employee and earned income tax credits by 4% per €2,000 on individual incomes between €120,000 and €180,000 by year resulting in no entitlements to those with credit in cases in which individual income is excess of €180,000; and if he will make a statement on the matter. [38186/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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The personal, employee and earned income tax credits are currently €1,650. On the basis of a straight line 4% reduction per €2,000 on incomes over €120,000, it would appear that the credits taper out completely by €170,000, with zero credits applying on incomes greater than €170,000.

I am advised by Revenue that the first and full year yield of such a change is estimated to be of the order of €155m and €185m respectively.

I am further advised that these estimates are based on tax returns for 2018 (the latest available year) and that, in analysing the gross incomes of taxpayer units at individual level, a range of assumptions were necessarily made in relation to the distribution of credits (in units). As such, were such a change implemented, it may lead to outcomes different to the above estimates.