Written answers
Thursday, 1 February 2024
Department of Finance
Tax Collection
Cian O'Callaghan (Dublin Bay North, Social Democrats)
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216. To ask the Minister for Finance if he will provide a breakdown of the dwellings purchased where the 10% stamp duty was paid, broken down into housing schemes, apartments and individual homes, in tabular form; and if he will make a statement on the matter. [4756/24]
Michael McGrath (Cork South Central, Fianna Fail)
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Section 31E of the Stamp Duties Consolidation Act (SDCA) 1999 provides for a higher 10% rate of stamp duty to be charged on the acquisition of certain residential property. This higher rate applies to the acquisition of individual residential property situated in the State (excluding apartments), where a person acquires at least 10 such properties during any 12-month period.
I am advised by Revenue that the Section does not apply to apartments. The Section does not differentiate between properties that are individual houses and those in housing schemes, and purchasers are not required to provide this information as part of their Stamp Duty returns. Therefore, Revenue does not have any information on the breakdown between individual houses and housing schemes.
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