Dáil Éireann Debate, Wednesday - 30 April 2014
53. Deputy Thomas P. Broughan asked the Minister for Finance if it is his policy to allow for property tax paid by a landlord to be offset as an expense against their tax liability for rental income earned on their property. [18686/14]
View answerThe Thornhill Group, the inter-departmental group chaired by Dr Don Thornhill established to consider the structures and modalities of a property tax, recommended that Local Property Tax (LPT) paid by the owner in respect of a rented property should be deductible for income tax or corporation tax purposes, in a similar manner to commercial rates. The Government has agreed in principle to accept this recommendation but has not considered the manner or the timing in which this will happen.
