Dáil Éireann - Volume 625 - 19 October, 2006

Written Answers. - Tax Yield.

Mr. Bruton asked the Minister for Finance the total stamp duty revenue for first time buyers indicating the number and value thresholds of the properties involved; the revenue from investors classified similarly; and from other buyers classified similarly. [33841/06]

  Mr. Cowen: I am informed by the Revenue Commissioners that the available information with regard to first-time buyers and other buyers broken down by reference to the consideration price bands corresponding to the rates of stamp duty, for 2005, is set out in the following table. It is not possible to distinguish investors from other buyers, excluding first-time buyers, as the same rates of stamp duty apply and the yield and numbers relating to both are included together as “Other” in the table.

Stamp Duty 2005

Consideration price bands

Number of Transactions where First-Time Buyer Relief Applied

Stamp Duty Yield where First-Time Buyer Relief applied

Number of Transactions — Other

Stamp Duty Yield — Other

€ million

€ million

€127,001–€190,500

6

0

11,262

53.6

€190,501–€254,000

286

1.8

10,728

91.0

€254,001–€317,500

185

1.7

6,996

95.1

€317,501–€381,000

1453

15.5

4,466

94.0

€381,001–€635,000

900

24.6

5,578

204.1

Over €635,000

0

0

2,939

340.9

Figures of yield are rounded to 1 decimal place.

The figures provided in the table are based on the yield arising from transaction documents stamped at any time during 2005. The total yield accounted for in this way does not coincide entirely with other figures recently supplied for the total yield from residential property in 2005 which were based on cash receipts brought to account in the year.