Cuckoo funds and luxury-home buyers face stamp duty hikes

"Luxury home buyers and cuckoo funds could be hit with a stamp-duty hike in October, under policies being considered by the Department of Finance.

The 2% stamp duty charged on residential property deals worth more than €1m is “low” compared with rates of up to 17% charged in the UK, according to papers prepared by the Department of Finance Tax Strategy Group ahead of the Budget."