Séamus McGrath (Cork South-Central, Fianna Fail)
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131. To ask the Minister for Finance to increase the qualifying square area for an exemption of stamp duty on new residential property in view of the fact this can act as a supply side activation measure. [53197/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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I understand that, subsequent to putting down this PQ for reply, you have provided further clarification to the effect that you are asking me to set out the stamp duty regime that applies to First Time Buyers in the case of both second hand and new residential properties

I can confirm that the standard rates of Stamp Duty that currently apply on transfers of residential property are:

• 1% on the consideration up to €1 million;
• 2% on any consideration exceeding €1 million up to €1.5 million; and
• 6% on any consideration exceeding €1.5 million.