Property Tax

Dáil Éireann Debate, Wednesday - 1 June 2016

Wednesday, 1 June 2016

Questions (91)

Pearse Doherty

Question:

91. Deputy Pearse Doherty asked the Minister for Finance the net cost of abolishing the local property tax. [13884/16]

Written answers

Minister for Finance

I am advised by the Revenue Commissioners that the Local Property Tax (LPT) is forecast to collect €440 million in 2016. These receipts would be lost if LPT was abolished. It should be borne in mind that under the fiscal rules of the preventive arm of the Stability and Growth Pact, this policy choice would use up available fiscal space unless offset by either discretionary revenue increases or expenditure reductions elsewhere.