Ruth Coppinger
Question:268. Deputy Ruth Coppinger asked the Minister for Finance the amount of revenue that has been raised from taxation of residential rental income for each year since 2011. [25347/16]
View answerFriday, 16 September 2016
Questions (268, 269, 273)
Ruth Coppinger
Question:269. Deputy Ruth Coppinger asked the Minister for Finance if he will provide a breakdown of the annual cost since 2008 of the tax reliefs and exemptions available to residential landlords. [25348/16]
View answerRuth Coppinger
Question:273. Deputy Ruth Coppinger asked the Minister for Finance the amount that could be raised by applying a 75% rate of income tax on the rental profits of the third and subsequent rental units owned by large residential landlords. [25352/16]
View answerWritten answers
I propose to take Questions Nos. 268, 269 and 273 together.
I am advised that Revenue do not require rental income to be returned in a manner that would enable residential rental accommodation income to be separately identified from rental income in respect of other types of property, such as commercial rental property. It is not therefore possible to provide the amount of revenue raised from the taxation of residential rental income, the annual cost since 2008 of tax relief and exemptions availed of by residential landlords or the amount that could be raised by applying a 75% rate of Income Tax on the rental profits of particular classes of residential landlords as sought by the Deputy.
However, the Deputy may wish to note that the 2013 Report of the Comptroller and Auditor General contains, in Chapter 16, a detailed review of the taxation of rental income and expenses deductible therefrom. This report is available on the website of the Comptroller and Auditor General and can be accessed via the following link: http://audgen.gov.ie/documents/annualreports/2013/report/en/Chap16.pdf.