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!
What's Included
With any subscription you will have access to
-
Unlimited multi-device access to our iPad, iPhone and Android Apps
-
Unlimited access to our eReader library
-
Exclusive daily insight and opinion seven days a week
-
Create alerts to never miss a subject that matters to you
-
Get access to exclusive offers for subscribers on gifts and experiences
-
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Related Stories
€800m to be shared among 34,000 mother and baby home survivors
Compensation scheme is the largest of its type in the history of the state, according to the Minister for Children
David Norris presented with portrait at Leinster House
‘Well, I suppose I can say that I’m well hung,’ Norris quipped.
Sinn Féin leader drives home point over ‘Cuckoo fund roadshow’
Mary Lou McDonald accuses the government of cosying up to institutional investors in the housing market
Varadkar says he hasn’t sued Village due to legal advice
The Tánaiste had previously described the magazine’s 2020 article about his leaking of a confidential GP contract as ‘inaccurate and grossly defamatory’
