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Tax Code

Dáil Éireann Debate, Tuesday - 7 February 2012

Tuesday, 7 February 2012

Questions (82, 83, 84, 85)

Sean Fleming

Question:

131 Deputy Sean Fleming asked the Minister for Finance if a person paying mortgage interest falls into arrears, if mortgage interest tax relief at source is still available and the methods by which this may be reduced; when a person repays the arrears are there automatic provisions in place to reinstate the tax relief at source or is the person at the loss of this and have they to contact the Revenue Commissioners to have it reinstated; and if he will make a statement on the matter. [6674/12]

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Written answers

The position is that tax relief for mortgage interest paid on a qualifying loan, a loan used for the purchase, repair, development or improvement of a person's main residence, is paid through the tax relief at source (TRS) system.

Where interest relief has been ceased by Revenue, and the mortgage is subsequently the subject of repayment in accordance with an agreed schedule with the mortgage provider, then subject to an application to Revenue for relief by the person concerned, relief is restored by Revenue. The relevant interest relief ceiling will of course apply so that if the overall interest repaid by the person concerned exceeds the relevant ceiling, interest relief for interest payments beyond that ceiling will not be available.

Sean Fleming

Question:

132 Deputy Sean Fleming asked the Minister for Finance if tax relief at source in respect of mortgage interest is available to persons with mortgages who are in receipt of the mortgage interest supplement; and if he will make a statement on the matter. [6675/12]

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Mortgage Interest Supplement is paid by the Department of Social Protection. It is a short term support to help pay mortgage interest repayments and the payment is based on the interest portion of a mortgage after deductions have been made for mortgage interest relief and any mortgage allowance or mortgage subsidy payable towards the interest part of the mortgage by any local authority.

Persons who are in receipt of Mortgage Interest Supplement are not precluded from claiming Mortgage Interest Relief.

Robert Dowds

Question:

133 Deputy Robert Dowds asked the Minister for Finance further to Parliamentary Question No. 224 of 12 January 2011, if the Revenue Commissioners have updated the estimated information for 2010 that was given in that answer, and if it has been updated, if he will set out the updated figures. [6682/12]

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Robert Dowds

Question:

134 Deputy Robert Dowds asked the Minister for Finance further to Parliamentary Question No. 224 of 12 January 2011, if he will set out the latest estimate available to the Revenue Commissioners for the tax year 2011 of the total number of taxpayers in each of the following bands, the latest estimate of the total income for each of these bands, and the latest estimate of the total tax paid for each of those income bands, that is, those earning less than €5,000, between €5,001 and €10,000, between €10,001 and €14,000, between €14,001 and €15,000, between €15,001 and €15,514, between €15,515 and €17,542, between €17,543 and €20,000, between €20,001 and €30,000, between €30,001 and €40,000, between €40,001 and €50,000, between €50,001 and €60,000, between €60,001 and €70,000, between €70,001 and €80,000, between €80,001 and €90,000, between €90,001 and €100,000, between €100,001 and €125,000, between €125,001 and €150,000, between €150,001 and €175,000, between €175,001 and €200,000, between €200,001 and €250,000, between €250,001 and €300,000, between €300,001 and €350,000, between €350,001 and €400,000, between €400,001 and €450,000, between €450,001 and €500,000, between €500,001 and €750,000, between €750,001 and €1,000,000, between €1,000,001 and €2,000,000, and €2,000,000 and over. [6683/12]

View answer

I propose to take Questions Nos. 133 and 134 together.

The information requested, estimated by reference to the income tax years 2010 and 2011, is set out in the following table:

2010 (provisional)

2011 (provisional)

Gross Income Range

Gross Income

Numbers

Tax Paid

Gross Income

Numbers

Tax Paid

0-5,000

495,623,776

230,685

0

487,986,108

227,095

0

5,001-10,000

1,275,216,986

170,462

68,959

1,255,663,199

167,836

446,003

10,001-14,000

1,808,764,491

150,339

2,654,925

1,779,984,419

147,969

4,022,590

14,001-15,000

543,973,402

37,517

1,313,885

539,083,092

37,184

1,688,461

15,001-15,514

296,094,907

19,417

780,619

291,944,937

19,146

958,432

15,515-17,542

1,296,090,208

78,386

3,331,862

1,276,179,382

77,181

6,147,635

17,543-20,000

1,959,064,431

104,401

9,983,624

1,931,125,757

102,910

30,974,477

20,001-30,000

9,716,508,118

391,532

283,492,711

9,573,599,824

385,744

381,082,644

30,001-33,343

3,449,159,733

109,107

174,667,568

3,400,149,735

107,551

207,574,683

33,344-40,000

6,901,581,906

188,645

442,375,330

6,800,653,487

185,876

564,306,322

40,001-50,000

9,279,663,224

207,924

866,609,478

9,142,633,523

204,850

1,058,021,456

50,001-60,000

7,615,165,884

139,299

956,814,148

7,506,470,503

137,311

1,086,273,677

60,001-70,000

6,200,789,092

95,815

900,606,275

6,113,230,290

94,466

992,452,875

70,001-80,000

5,180,141,228

69,339

829,587,971

5,106,969,027

68,362

913,147,308

80,001-90,000

4,049,384,422

47,819

710,799,491

4,000,986,987

47,247

773,899,034

90,001-100,000

3,151,192,559

33,274

599,128,884

3,108,236,315

32,818

642,150,132

100,001-125,000

5,386,008,665

48,570

1,135,112,131

5,316,263,933

47,941

1,196,849,254

125,001-150,000

3,154,874,862

23,197

734,888,359

3,121,226,315

22,950

762,690,308

150001-175,000

1,917,177,685

11,891

472,370,317

1,893,410,584

11,746

483,959,819

175,001-200,000

1,292,292,783

6,931

328,742,461

1,288,116,235

6,910

336,870,896

200,001-250,000

1,778,423,957

8,012

462,994,391

1,763,013,081

7,942

469,425,803

250,001-300,000

1,161,552,157

4,259

308,750,848

1,151,975,837

4,226

312,101,016

300,001-350,000

820,014,587

2,535

220,789,296

828,763,978

2,563

225,119,785

350,001-400,000

595,237,988

1,595

164,631,271

597,687,366

1,601

166,979,624

400,001-450,000

485,515,745

1,148

132,323,183

476,565,416

1,126

131,183,043

450,001-500,000

370,753,257

782

102,483,540

373,468,949

788

104,398,370

500,001-750,000

1,179,192,973

1,970

326,926,572

1,199,017,554

2,000

334,290,603

750,001-1,000,000

533,400,252

625

153,911,445

534,787,080

626

154,811,699

1,000,001-2,000,000

662,730,897

509

176,091,517

677,124,288

519

180,750,996

Over 2,000,000

1,025,497,998

118

349,540,335

1,016,296,602

117

345,279,341

Totals

83,581,088,169

2,186,100

10,851,771,390

82,552,613,799

2,154,599

11,867,856,287

The figures are estimates from the Revenue tax-forecasting model using actual data for the year 2009 adjusted as necessary for income and employment trends in the interim. These are, therefore, provisional and likely to be revised.

It should be noted that the income ranges shown in the above tables relate to Gross Income as defined in Revenue Statistical Report 2010.

It should also be noted that a married couple who has elected or has been deemed to have elected for joint assessment is counted as one tax unit.

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