Thursday October 29, 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

Leo Varadkar shows signs of becoming the Teflon Tánaiste as even after his harsh remarks about Nphet, and the subsequent U-turn on the move to level 5 restrictions, Fine Gael is up two points to 37 per cent

Michael Brennan | 4 days ago

In a new history of Fine Gael, the Tánaiste says his rotation back to the job of taoiseach will come shortly after the 100th anniversary of the foundation of the state and asserts that Fine Gael was the ‘party that founded the state’

Michael Brennan | 4 days ago

The Department of Finance has until mid-December to outline its position after receiving details of the European Commission’s appeal of the ruling

Ian Guider | 4 days ago