Taoiseach Micheál Martin has indicated he is open to eliminating stamp duty for first-time homebuyers, describing a proposal to remove the tax as reasonable ahead of upcoming budget negotiations.

Speaking to reporters on Monday at Fianna Fáil's annual parliamentary party think-in at the Tullamore Court Hotel in County Offaly, Martin stated he has a "favourable disposition" toward the proposal, which was raised by Fianna Fáil TD Séamus McGrath. Martin noted that while numerous options remain under consideration for the upcoming budget and not all measures pass into law, the topic merits discussion.

Under current taxation rules in Ireland, residential property purchases incur stamp duty at a rate of 1% on property values up to €1 million, 2% on amounts between €1 million and €1.5 million, and 6% on any remaining value above €1.5 million. McGrath has argued that eliminating stamp duty for first-time buyers—a relief that was abolished in December 2010—would help align government policy and ease upfront costs for individuals purchasing new or second-hand homes.

Martin's comments highlight a potential policy divergence within the coalition leadership. Tánaiste and Fine Gael leader Simon Harris previously dismissed the idea of introducing stamp duty relief for first-time buyers during budget preparations.

Addressing reporters in Tullamore, Martin pointed to existing state supports, including the Help to Buy and First Home schemes, which he said have significantly increased the proportion of first-time buyers drawing down mortgages. However, he maintained that further tax considerations for buyers remain open for debate within government.