Advertisement
News

Dáil approves stamp duty changes to stop bulk buying of houses

May 20, 2021 07:48 By News Northern Sound
Dáil approves stamp duty changes to stop bulk buying of houses
Share this article

TDs approved the plan last night.

Changes to stamp duty for the bulk buying of houses and duplexes came into effect overnight.

Purchases of 10 houses or more will now incur a 10 per cent stamp duty rate after the Dáil passed the resolution without a vote.

Opposition parties have said the move doesn't go nearly far enough and won't stop investment funds bulk buying property here.

Advertisement

Finance Minister Paschal Donohoe hit back at Sinn Féin criticism during last night's debate:

The new rules won't apply to the bulk buying of apartments.

Advertisement

Co-leader of the Social Democrats Roisin Shortall says this hole in the legislation will mean more young people being denied access to housing:

Share this article
Advertisement
Advertisement

NorthernSound Newsletter

Sign up now to keep up to date with the latest news.

Processing your request...

You are subscribed now! please check your email to confirm your subscription.

Copyright © 2024 Northern Sound FM. Developed by Square1 and Powered by PublisherPlus