Pearse Doherty (Donegal, Sinn Fein)
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302.To ask the Minister for Finance the revenue raised in first-and full-year terms in each of the years 2025, 2026, 2027, 2028 and 2029, respectively, from increasing the rate of residential stamp duty from 1 to 2% for residential property of values between €700,000 and €1 million, and increasing the rate of residential stamp duty from 2 to 5% for residential property of values above €1 million. [33150/24]

Jack Chambers (Dublin West, Fianna Fail)
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I am advised by Revenue that the estimated yield that would be generated by increasing the rate of residential stamp duty from 1% to 2% for residential property of values between €700,000 and €1 million and increasing the rate of residential stamp duty from 2% to 5% for residential property of values above €1 million is published on page 18 of the Ready Reckoner, available on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf. The combined annual yield from both measures is estimated to be €110 million.

However, Ready Reckoner estimates do not take account of any potential change in behaviour by the taxpayers concerned in response to changes in the tax rate.

In addition, the Deputy will wish to note that an update of the Ready Reckoner is due to issue in the coming weeks.

I am further advised that Revenue cannot provide estimates for later years due to the unknown nature of the future tax base and future economic behaviour.