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
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
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
FF support plummets as public vent frustration over pace of vaccine rollout
The poor poll ratings have raised questions within the party about whether Martin will have the support to stay on as Tánaiste at the end of next year
Fianna Fáil takes hit over lockdown and slow rate of vaccine rollout
The latest Business Post/Red C poll shows Fianna Fáil slipping to 13 per cent, Fine Gael steady at 29 per cent, the Greens have dropped to 3 per cent, with Sinn Féin up two points to draw level with Fine Gael
Varadkar and Donohoe clash over new tax break plans for remote workers
Tánaiste wants ‘ambitious’ incentives and capital allowances to encourage the practice, but Donohoe fears the effect on city centres and career development for young staff
Fianna Fáil ministers to turn down 2 per cent pay rise
Public criticism led to Fine Gael ministers turning down the extra €2,000, while the Green Party has not yet confirmed its decision
