Chambers Ireland calls for cut in commercial stamp duty

Chambers Ireland has called for stamp duty on commercial properties to be slashed to help attract international investors into the property market.

The current rate stands at 9%, but Chambers - which represents 13,000 Irish businesses - wants this to be cut to just 4%.

The group has suggested a number of measures ahead of the Budget, which it said will leave Ireland correctly positioned to take advantage of an economic upturn when it happens.