Written Answers - Tax Yield.Tuesday, 11 October 2005 |
Dáil Eireann Debate
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195.
Mr. Timmins
asked the
Minister for Finance
the total tax receipts for residential properties in the years 1997 and 2004; and if he will make a statement on the matter.
[27612/05]
Minister for Finance (Mr. Cowen):
It is assumed that the Deputy is referring to stamp duty and residential property tax, RPT. I am informed by the Revenue Commissioners that the relevant information available is for the yield from RPT and the estimated yield from stamp duties on residential property transactions. Following is the information on a revenue net receipts basis for each of the years 1997 and 2004.
| Stamp Duty | RPT | ||
|---|---|---|---|
| Year | € million | Year | € million |
| 1997 | 194 | 1997 | 3.95 |
| 2004 | 752 | 2004 | 0.38 |
RPT was abolished with effect from 5 April 1997. However, any person who had a liability to RPT prior to its abolition in 1997 has an obligation to discharge that liability, including the payment of interest.
| Last Updated: 04/11/2010 04:23:17 |
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