Tuesday November 24, 2020

Review of stamp duty break as one-off homes benefit most

A Tax Strategy Group report shows that 1,600 of the 1,765 successful applicants were owners of one-off housing sites

Michael Brennan

Political Editor

20th September, 2020
A report from the government‘s Tax Strategy Group shows that the scheme has been most heavily used by people building one-off houses

The government is reviewing a housing tax break which has given a €2,000 average refund to the owners of new one-off houses.

The residential development tax break was set up after the government increased the commercial stamp duty on land from 2 per cent to 6 per cent in 2017.

It allowed house builders to effectively retain the 2 per cent stamp duty rate on new sites by giving them a tax refund if they built houses there...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Brexit will bring huge challenges even if a trade deal is done so companies must prepare urgently, according to Martin

Aiden Corkery | 16 hours ago

With just under six weeks to go until the end of the Brexit transition period, businesses are braced for rocky times as the old way of doing things becomes a thing of the past

Aiden Corkery | 2 days ago

Comment: Our government’s missteps during the current pandemic mirror those made during the financial emergency a decade ago

Colin Murphy | 2 days ago