Peadar Tóibín
Question:108. Deputy Peadar Tóibín asked the Minister for Finance the cost to the Exchequer in the case of abolishing the property tax. [25283/15]
View answerWednesday, 24 June 2015
Questions (108, 127)
Peadar Tóibín
Question:127. Deputy Peadar Tóibín asked the Minister for Finance the annual revenue that would be generated from the introduction of property tax on nursing homes. [25304/15]
View answerWritten answers
I propose to take Questions Nos. 108 and 127 together.
I am advised that the Local Property Tax (LPT) is forecast to collect €440 million in 2015. These receipts would be lost if LPT was abolished.
In relation to Question 25304-15, I am advised by the Revenue Commissioners that the cost of all LPT exemptions to the Exchequer for 2014, the most recent full year available for which figures are available, is estimated to be €12 million in total. I am further advised that costs for individual exemptions, such as for nursing homes, are not available at this time.