Saturday June 6, 2020

Will commercial property hike pay off?

Government argues low rate has done its job, but property sector sceptical on revenue estimates

12th October, 2017

Finance minister Paschal Donohoe’s decision to lift stamp duty on commercial property deals from 2 per cent to 6 per cent has, not surprisingly, attracted much comment from the sector.

The arguments in favour

Politically, the commercial property sector – associated rightly or wrongly in the public mind mainly with large foreign investors and vulture funds – is one of the easiest targets for a tax rise.

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