Dáil Éireann Debate, Wednesday - 12 December 2012
62. Deputy Michael McGrath asked the Minister for Finance if the estimated €250 million revenue from the introduction of a property tax in 2013 is gross or net of the abolition of the household charge; if the budget projections take account of the abolition of the household charge; and if he will make a statement on the matter. [55992/12]
View answerAs I indicated in the Budget, the Local Property Tax will commence with effect from 1 July 2013 for the second half of the year. There will accordingly be a half year’s property charge in 2013. The estimated yield of €250 million from the Local Property Tax in 2013 is solely related to that tax – it is the “gross” yield, in terms of the question asked by the Deputy. However, the overall Budget projections take account of the cessation of the Household Charge. Allowance has been made for the expected impact of waivers and deferrals during the year. The full year yield in 2014 from the Local Property Tax is estimated at €500m.
