Stamp duty system needs radical overhaul

IRELAND’S stamp duty regime, as it is now constituted, is an ill-conceived and ill-constructed tax on the mobility of individuals and families.

With reference to the 0% stamp duty rate on properties up to €127,000, it is clear that the system is in need of a radical overhaul.

Perhaps when the changeover from Irish punts (£100,000) to (€127,000) occurred, this band had some meaning. Today, it has none.