Alan Kelly (Tipperary, Labour)
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199. To ask the Minister for Finance the estimated full year yield if the stamp duty on residential properties increased to 4% on properties with values greater than or equal to €800,000. [58410/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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It is assumed the Deputy is enquiring about a Stamp Duty rate of 4% on the value of residential properties in excess of €800,000, where properties are valued above this amount (currently a 2% rate applies on values over €1m).

I am advised by Revenue that, based on transactions levels and values in recent years, the additional yield per annum from the proposed increase is estimated at €60m.

The Deputy may be interested to note that page 18 of the Revenue Ready Reckoner, which is available at www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf, shows the estimated yield from a range of changes to Stamp Duty rates and thresholds.