Building sector calls for abolition of stamp duty

THE Construction Industry Federation (CIF) has asked the Taoiseach to abolish stamp duty to reignite the country’s ailing building sector.

The CIF has written to Brian Cowen’s department outlining a range of measures which it believes are essential to stimulate the construction industry and the Irish economy.

CIF director-general Tom Parlon said the €10 billion bank recapitalisation plan announced by the Government provided a basis for the resumption of normal lending conditions in the economy.