Local TD urges constituency colleagues to take action against investment funds buying properties in bulk
A Sligo Leitrim TD has urged all his fellow deputies in the North West to support a Sinn Fein motion that will look to increase stamp duty on the bulk purchase of homes by investment funds. The motion will seek to implement a stamp duty of at least 17%…
Cuckoo Funds investors that rent to Councils will be exempt from new stamp duty charge
The new 10% stamp duty won’t apply to so-called cuckoo funds who rent the homes to councils. It’s after the government’s proposal was passed in a Dáil vote last night. The new tax was introduced in May due to concerns about institutional investors’ bulk-buying homes, at the expense of…
Changes to stamp duty for bulk buying of houses passed in the Dáil
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. Local authorities including those in Sligo, Leitrim…
INHFA calls for politicians to support abolition of stamp duty rule
The Irish Natura and Hill Farmers Association says the upper age limit of 67 years of age for stamp duty relief for close family farm transfers must be abolished. INHFA President Colm O’Donnell from Sligo says there’s a special clause for relief that applies to non residential transactions where a…
Sinn Fein to propose Finance Bill amendment on stamp duty increase
Sinn Fein is to put forward a proposal to amend the stamp duty changes announced last week on the back of concerns raised by farmers. The party is to table an amendment to the Finance Bill where an increase in commercial stamp duty from 2% to 6% is proposed. This…
Farmers in the North West are up in arms over the new stamp duty tax
Farmers in the North West are up in arms about the new stamp duty announced in this week’s budget. Stamp duty on commercial land was increased from 2% to 6% in Tuesday Budget. This move is going to hit middle-aged farmers especially. Ballyshannon farmer, Andrew McStay is the Chair of…