Written answers
Tuesday, 29 July 2025
Department of Finance
Tax Data
Pearse Doherty (Donegal, Sinn Fein)
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748. To ask the Minister for Finance the cost of abolishing stamp duty for first-time buyers. [43870/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that, based on stamp duty returns for 2024, the latest year for which fully analysed data are available, the estimated cost of abolishing stamp duty for first-time buyers is in the order of €60 million.
This estimate is arrived at by taking the stamp duty returns for residential property purchases made by persons identifying themselves as first-time buyers, and taking the associated stamp duty liability as the potential cost of exempting them from the duty.
Pearse Doherty (Donegal, Sinn Fein)
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749. To ask the Minister for Finance the cost of abolishing stamp duty for first-time buyers on the value of property below €450,000. [43871/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that, based on stamp duty returns for 2024, the latest year for which fully analysed data are available, the estimated cost of abolishing stamp duty for first-time buyers of homes of less than €450,000 is in the order of €40.6 million.
This estimate is arrived at by taking the stamp duty returns for residential property purchases made by persons identifying themselves as first-time buyers, where the consideration was less than the suggested threshold, and taking the associated tax liability as the potential cost of exempting them from the duty.
Pearse Doherty (Donegal, Sinn Fein)
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750. To ask the Minister for Finance the cost of abolishing the concrete products levy. [43872/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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As previously outlined in PQ 31763/25, I am advised by Revenue, that based on the Defective Concrete Products Levy (DCPL) collections for 2024, the latest year for which figures are available, the potential cost of abolishing this levy would be in the region of €24 million per annum. This estimated cost does not account for behavioural changes in 2026 or beyond. Revenue has confirmed that this estimate has not changed since the previous response.
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