Minister for Finance Paschal Donohoe has warned of a “significant risk” that developers will exit the apartment building market if they are included in his proposal to apply a 10 per cent stamp duty on multiple purchases of houses. He believed it should be at least 15 per cent if not 17 per cent because otherwise the funds would absorb the stamp duty over time. However, Mr O’Brien said he would examine whether apartments could be included in the scheme after resistance from Green Ministers. It is understood Green Party members, during a meeting which sources said was constructive, raised the exemptions for apartment investment. Mr O’Brien said the policy would also be kept under review, sources said.

Source: The Irish Times May 19, 2021 18:51 UTC