Pearse Doherty (Donegal, Sinn Fein)
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232. To ask the Minister for Finance the estimated revenue raised by removing the lower stamp duty rates on the purchase of three or more apartments in the same apartment block; and if he will make a statement on the matter. [51007/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that the rates of stamp duty applying to the acquisition of residential property were increased by section 90 of the Finance Act 2024. The stamp duty payable on consideration over €1.5 million is 6% except where the consideration is in respect of three or more apartments in the same apartment block - a lower 2% rate on the balance over €1.5 million applies to these transactions.

The estimated revenue raised by removing the lower stamp duty rate on the purchase of three or more apartments in the same apartment block and applying the higher 6% rate is tentatively estimated to be in the region of €52 million.

A full calendar year of data is not yet available for the 6% rate. This provisional estimate is based on 10 months of data and will be updated over the coming months as additional returns are filed.