Sharp drop in tax revenue from property sales
Government revenue from taxation on property sales dipped sharply in the first two months of this year, figures given in Parliament yesterday show. The figures, given by Finance Minister Tonio Fenech, compare revenue from capital gains tax and stamp...
Government revenue from taxation on property sales dipped sharply in the first two months of this year, figures given in Parliament yesterday show. The figures, given by Finance Minister Tonio Fenech, compare revenue from capital gains tax and stamp duty in the first two months of 2006, 2007, 2008 and this year along with the value of the properties.
Replying to a parliamentary question by Censu Galea (PN) the minister gave the following numbers:
|
Month |
Year |
CGT |
Duty |
Value |
|
|
|
€ |
€ |
€ |
|
Jannar |
2006 |
4,857,000 |
3,664,471 |
96,960,493 |
|
Frar |
2006 |
5,507,000 |
3,195,418 |
84,978,839 |
|
Jannar |
2007 |
3,760,000 |
3,923,442 |
107,337,315 |
|
Frar |
2007 |
9,780,000 |
3,752,885 |
102,220,116 |
|
Jannar |
2008 |
4,547,000 |
3,438,622 |
110,716,889 |
|
Frar |
2008 |
6,744,000 |
3,539,092 |
108,036,734 |
|
Jannar |
2009 |
3,810,000 |
2,660,968 |
70,472,153 |
|
Frar |
2009 |
3,903,000 |
2,208,049 |
81,578,344 |
|
|
|
|
|
|