Written answers
Tuesday, 30 April 2024
Department of Finance
Tax Data
Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
250. To ask the Minister for Finance the number of residential units subject to the 10% rate of stamp duty with respect to the acquisition of certain residential property where a person acquires at least ten such units during a 12-month period, disaggregated by county in which the property was located, in each of the years 2021, 2022, 2023 and 2024. [19509/24]
Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
251. To ask the Minister for Finance the number of residential units subject to the 10% rate of stamp duty with respect to the acquisition of certain residential property where a person acquires at least ten such units during a 12-month period; the total number of purchasers; and the total value of stamp duty paid, in each of the years 2021, 2022, 2023 and 2024. [19512/24]
Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
I propose to take Questions Nos. 250 and 251 together.
The application of the 10% rate of stamp duty to certain acquisitions of residential property is provided for in section 31E of the Stamp Duties Consolidation Act 1999, as introduced in 2021.
In relation to Parliamentary Question 19512/24, I am advised by Revenue that, based on the latest available returns for the period since the commencement of the Section, the available information for 2021, 2022 and 2023, is as shown in the table below. A breakdown of properties subject to the 10% rate in 2024 is not available at this time. This is due to the low number (less than 10) of purchasers subject to the 10% rate in 2024 to date. The data in the table is provisional and may change as additional returns are filed or amended.
| Stamp Duty Section 31E | 10% Duty payable (€m) | Number of Purchasers* | Number of Properties |
|---|---|---|---|
| 2021 | 4.7 | 17 | 188 |
| 2022 | 14.3 | 15 | 395 |
| 2023 | 22.1 | 16 | 623 |
*Where an entity purchases multiple properties on multiple stamp duty returns in a year, they are counted once only.
In relation to Parliamentary Question 19509/24, the information has been aggregated for the relevant years (2021-2023) and for counties with low numbers of properties to protect taxpayer confidentiality. A breakdown of properties subject to the 10% rate in 2024 is not available at this time. This is due to the low number (less than 10) of purchasers subject to the 10% rate in 2024 to date. The data in the table are provisional and may change as additional returns are filed or amended.
Stamp Duty Section 31E - County | Number of properties |
|---|---|
| Dublin | 696 |
| Cork | 172 |
| Carlow | 64 |
| Kildare | 56 |
| Meath | 55 |
| Wicklow | 52 |
| Offaly | 23 |
| Roscommon | 19 |
No comments