Sunday August 9, 2020

Stamp duty loophole to be targeted again

The government is planning new legislation to curb a stamp duty loophole that costs the exchequer more than €250 million a year and is used in 40 per cent of all land deals.

22nd November, 2008

The government is planning new legislation to curb a stamp duty loophole that costs the exchequer more than €250 million a year and is used in 40 per cent of all land deals.

It is the third move by the government on the loophole in two years.

The loophole allows property developers to avoid paying stamp duty on land purchases using a complex series of financial manoeuvres. Legislation introduced by the government last week will limit...

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