The new higher rate of stamp duty proposed in this resolution is intended to provide a significant disincentive to this practice of multiple purchase by investors of large parts of housing estates or whole housing estates before they reach the market, thus denying first-time buyers an opportunity to purchase a home. As mentioned already, apartments in apartment buildings are fully exempt from this higher stamp duty rate, as are multiple purchases by local authorities, approved housing bodies and the Housing Agency.
I move amendment No. 12: After section 31E, to insert the following new section: " Report on Application of a Stamp Duty Charge on the Purchase of Apartments by Investment Funds 31F . The stamp duty proposed is ten times the normal rate of stamp duty applicable to residential properties and 30% higher than the rate that currently applies to commercial properties.
Key terms by TF-IDF across 7,913 words from 16 speakers. The summary quotes the highest-scoring sentences verbatim — nothing is paraphrased.
Tellers: Tá, Deputies Denise Mitchell and Pádraig Mac Lochlainn; Níl, Deputies Brendan Griffin and Jack Chambers.
| Question | Result | Tá–Níl |
|---|---|---|
| Amendment put: | Lost | 43–72 |
| Amendment put: | Lost | 60–79 |
| Amendment put: | Lost | 61–79 |
| Amendment put: | Lost | 49–75 |
| Amendment put: | Lost | 46–74 |
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