Cabinet Committees
Dail Éireann — 2024-09-18
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Cian O'Callaghan (SD), Dublin Bay North

I want to ask the Taoiseach about stamp duty and the bulk purchasing of homes. There have been multiple instances of funds buying up housing estates. Earlier this year, 85% of homes in Belcamp Manor were snapped up by one fund. At the time, the Government agreed to review the ineffective 10% stamp duty rate on the bulk purchase of homes. That review has been concluded. The Taoiseach's colleague, the Minister of State, Deputy Neale Richmond, said he would like to see the rate doubled. The Tánaiste, Deputy Micheál Martin, said he was surprised at these comments. What is the Government's position on this? Has it made up its mind? When will it act by increasing the stamp duty rate on the bulk purchase of homes to a level that would effectively ban the bulk purchasing of homes?

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2024-09-18/debate/main
Retrieved: 2026-08-14T04:53:14+00:00
Sitting date: 2024-09-18