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Wed 10 Oct 2008Stamp duty reduction will immediately raise value of investments by 3%
COMMERCIAL PROPERTY:THE REDUCTION of stamp duty on commercial property transactions will immediately increase the value of investments by 3 per cent and help restore confidence in a sector which has been in decline since last autumn.
The cut in stamp duty from 9 to 6 per cent may also persuade investors to divert funds into the Irish market rather than the UK and Europe, where rates are generally between 4 and 6 per cent.
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