Pressure piles on Michael McGrath after coalition colleagues say stamp duty must be reviewed
Attention turns to the finance minister to launch a review of the levy as the Taoiseach and housing minister acknowledge that the rate should be re-examined
Pressure is mounting on Michael McGrath, the finance minister, to launch a review of the stamp duty rate paid by bulk purchasers of houses after Ryanair’s deal to buy homes in a new-build estate.
Last week, the Business Post revealed Ryanair has snapped up 25 new homes in a north Dublin housing estate called Fosterstown Place to help accommodate its workers amid the ongoing housing crisis.
Details of the deal came following a separate report in January that showed Deutsche Bank’s investment arm bought 46 homes in a Dublin housing estate, which were at first advertised on the open market for individual purchasers and are now up for rent at €3,175 per month.
