Press releases

Mixed reaction expected to residential property measures

Budget 2021

Padraic Whelan, Tax Partner, Deloitte, said:

The Minister has signalled in his speech the intention to extend the Stamp Duty Residential Development Refund Scheme. From a residential perspective, this extension is a welcome announcement.

A further welcome development has been the extension of the Help-to-Buy scheme, also announced in the Minister’s speech, and the allocation of funding for delivery of social & affordable housing in 2021 and beyond. However, the physical delivery of the latter targets will be challenging.

There was some expectation that a shared equity scheme in home ownership may have been considered, so there will be disappointment that this has not materialised.
 

For Further Information Please Contact

Aoibheann O’Sullivan

Murray

087 629 1453

aosullivan@murraygroup.ie

 

Fiona MacCarthy

Deloitte

086 825 0027

fmaccarthy@deloitte.ie

 

About Deloitte

At Deloitte, we make an impact that matters for our clients, our people, our profession, and in the wider society by delivering the solutions and insights they need to address their most complex business challenges.

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In Ireland, Deloitte has approximately 3,000 people providing audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. Our people have the leadership capabilities, experience and insight to collaborate with clients so they can move forward with confidence.

In this press release references to Deloitte are references to Deloitte Ireland
LLP. The information contained in this press release is correct at the time of going to press. Deloitte Ireland LLP is the Ireland affiliate of Deloitte NSE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”). DTTL and each of its member firms are legally separate and independent entities. DTTL and Deloitte NSE LLP do not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.

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