Taoiseach Simon Harris denies Government u-turn on increasing stamp duty paid by vulture funds bulk-buying homes

He was responding to a suggestion by junior minister and Fine Gael TD Neale Richmond who said the current rate of 10pc should be doubled. Mr Harris said he had written to the Department of Finance on this issue several months ago, and was told they are carrying a review out into the bulk-buying of homes.

“As I have consistently said in the Dail since becoming Taoiseach, if you make changes to taxation you generally do it through the budgetary process,” Mr Harris said as he officially opened the National Rehabilitation Hospital on Monday.

“Obviously the three parties in Government will decide how best to address this in the Budget delivered on October 1. But again it’s a statement of fact, I would have said it many times, since becoming leader of my party and Taoiseach that we do need to keep the issue of stamp duty constantly under review.

“I’m pleased of the measures that the government has taken to try and tackle the issue of bulk-buying by vulture funds, but we’ve…

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Independent.ie