Property sales boost for State coffers

A rising number of residential and non-residential property sales has led to a new wave of stamp duty receipts flowing into the the Government’s coffers at levels not seen since the pre-boom years.

Stamp duty receipts have almost doubled to €300m since the recovery began, prompting calls for greater support to be given to mortgage holders to help bolster the housing market.

While still a far cry from the billions of euro in property taxes collected in the boom, the surge in stamp duty receipts is a welcome boost for the Coalition’s spending plans.