Thursday, 18 April 2013

Questions (69)

Seán Fleming

Question:

69. Deputy Sean Fleming asked the Minister for Finance the person who determines the market value of Áras an Uachtaráin for the local property tax; and if he will make a statement on the matter. [18112/13]

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Written answers (Question to Finance)

The Finance (Local Property Tax) Act 2012 (as amended) provides that a liability for Local Property Tax (LPT) will arise where a person owns a residential property on the liability date which will be 1 May 2013 for the year 2013. As LPT is a self-assessed tax it will be a matter for the property owner to calculate the tax due based on his or her assessment of the market value of the property. All residential properties owned by the State including those owned by the Office of Public Works (OPW) are liable for LPT. In this regard the OPW is liable to LPT in respect of properties under its control, including Áras an Uachtaráin.

I am advised by the Office of Public Works (OPW) that it is engaging with the Revenue Commissioners to assess the market value of all those buildings in the State's property portfolio which are or could be considered to be residences for the purposes of the LPT, including Áras an Uachtaráin. The Valuation Service of the OPW will be responsible for assigning a market value to this and all the other properties under its control judged liable for the tax.