Property Taxation Application

Dáil Éireann Debate, Wednesday - 30 January 2013

Wednesday, 30 January 2013

Questions (71)

Thomas P. Broughan

Question:

71. Deputy Thomas P. Broughan asked the Minister for Finance under the Finance (Local Property) Tax Bill 2012, if he will indicate where the payments for 2013 are being transferred to in view of the fact that the legislation states that in each financial year commencing in the year 2014, he shall pay into the Local Government Fund an amount equivalent to the local property tax including any interest paid thereon paid into the Central Fund during that year; and if he will make a statement on the matter. [4716/13]

Written answers

Minister for Finance

The position for 2014 is as outlined by the Deputy in his question. Section 960A of the Taxes Consolidation Act 1997 [as amended by the Finance (Local Property Tax) Act 2012] provides that Local Property Tax is a tax due and payable to the Revenue Commissioners and therefore by virtue of Section 960D of the Taxes Consolidation Act 1997, a debt due to the Minister for Finance for the benefit of the Central Fund. Therefore I can confirm that the receipts will be paid into the Central Fund.