MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • €270 million collected in residential stamp duty in last four years
Uncategorized
May 21, 2015 - 09:29

€270 million collected in residential stamp duty in last four years

MyHome.ie
By MyHome.ie
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
€270 million collected in residential stamp duty in last four years

Almost €300 million has been collected from residential stamp duty in the last four years, according to new figures from the Department of Finance.

Figures provided by the Department of Finance in response to a parliamentary question by Fianna Fáil’s Michael McGrath revealed that the lion’s share of the €270 million collected in residential stamp duty receipts since 2011 came last year, pointing to increased activity in the property market.

Last year saw a total of €102 million collected in respect of almost 43,000 residential property transactions, continuing the upward trend in stamp duty receipts in recent years.

The total collected rose from €45 million in 2011 to €57 million in 2012 and rose again to €66 million in 2013.

The number of transactions has also steadily increased in recent years, rising from just over 18,300 in 2011 to more than 25,000 in 2012, before reaching close to 30,000 in 2013.

Advertisement

Recent budgets have moved to simplify the stamp duty system that applies to both residential property transactions and non-residential transactions, which includes commercial property and land.

Residential stamp duty now applies at a rate of 1 per cent for transactions up to and including €1 million and are at 2 per cent thereafter. Meanwhile, stamp duty for non-residential transactions applies at a flat rate of 2 per cent.

Just under €400 million was collected from non-residential stamp duty receipts between 2011 and 2014.

About 43 per cent of the total yield was collected last year, with receipts of €173 million from stamp duty on nearly 23,000 non-residential transactions.

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • Department of Finance
  • Fianna Fáil
  • Michael McGrath
  • non-residential stamp duty
  • property market
  • residential stamp duty
  • stamp duty
MyHome.ie
By MyHome.ie
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement