Dáil Éireann Debate, Wednesday - 25 September 2013
61. Deputy Pearse Doherty asked the Minister for Finance the amount of revenue raised per quarter in 2013 from the mansion tax of 0.25 per cent on the value of homes in excess of €1m as announced in Budget 2013. [39885/13]
View answerFor residential properties valued at over €1m, the Local Property Tax (LPT) payable is 0.18% on the first €1m in value and 0.25% on the portion of the value above €1m. LPT was introduced with effect from 1 July 2013 and it is an annual charge rather than a quarterly charge. I am advised by the Revenue Commissioners that they have published preliminary global data on LPT. Work is on-going to refine the LPT Register, and more detailed and up to date information will be published in due course. The Deputy may recall that during her appearance before the Oireachtas Committee on Finance, Public Expenditure and Reform on 29 May 2013, the Chairman of the Revenue Commissioners advised that, based on LPT Returns filed at that time, there were 3,599 residential properties valued by their owners at over €1m.
