Section 5 provides for the business resumption support scheme, BRSS, which is a new support for businesses that were significantly impacted throughout the Covid-19 pandemic. It provides that where a residential unit that is subject to the new rate of stamp duty is acquired and then within 24 months is leased to a local authority for social housing purposes, the stamp duty paid over and above the pre-existing rates that apply to acquisitions of residential property will be refunded.
I welcome this Bill, which allows for the continuation of various supports, including the EWSS, the CRSS and new schemes, such as the new business resumption support scheme. The 10% rate of stamp duty for vulture funds and the Bill's provisions for this apply to funds that will buy up multiple units in new developments, with an exemption for those units which are leased back to local authorities.
Key terms by TF-IDF across 4,675 words from 14 speakers. The summary quotes the highest-scoring sentences verbatim — nothing is paraphrased.
Tellers: Tá, Senators Robbie Gallagher and Seán Kyne; Níl, Senators Lynn Boylan and Paul Gavan.
| Question | Result | Tá–Níl |
|---|---|---|
| Question put: | Carried | 30–9 |
Party shown is the one each member held on 2021-07-12, frozen by a dated join — not their party today. The Oireachtas API publishes no date of birth and returns an empty gender field for every member in this period, so no age or gender breakdown is shown.