Tax Reliefs Availability

Friday, 16 September 2016

Questions (270, 271, 272)

Ruth Coppinger

Question:

270. 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 property developers. [25349/16]

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Ruth Coppinger

Question:

271. 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 currently available to property owners. [25350/16]

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Ruth Coppinger

Question:

272. 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 currently available to land owners. [25351/16]

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Written answers

Minister for Finance

I propose to take Questions Nos. 270 to 272, inclusive, together.

I am advised by Revenue that within the tax code there are a number of tax reliefs associated with property and land but not specifically for use by property developers or land owners. Statistics in relation to the annual costs since 2008 for the various reliefs are available on the Revenue website at http://www.revenue.ie/en/about/statistics/index.html.

Updates to these statistics will be published in due course. Of particular interest to the Deputy are likely to be

- the statistics in relation to Local Property Tax reliefs which are detailed on the website at http://www.revenue.ie/en/about/statistics/local-property-tax.html ;

- the tax expenditures and reliefs table available at http://www.revenue.ie/en/about/statistics/costs-expenditures.html detailing the cost of Interest Paid Loans Relating to Principal Private residence, relief for expenditure on significant buildings and gardens, rent a room;

- property incentives statistics available at http://www.revenue.ie/en/about/statistics/property-exemptions.html;

- Home Renovation Incentive Scheme available at http://www.revenue.ie/en/about/statistics/hri-stats.html.

In addition to the information on the Revenue website, the following tables may also be of interest to the Deputy. The following table sets out the cost of rental capital allowances and is available for the years 2009 to 2014. It should be noted that information is not available for earlier years and will not be available for 2015 until 2017.

Year	Estimated Cost of Rental Capital Allowances (€m)
2009	267.0
2010	250.9
2011	230.9
2012	213.3
2013	202.5
2014	185.8

The following table sets out available data on the reliefs or exemptions from Capital Acquisitions Tax duty associated with property ownership. The cost of Spouses and Civil Partners is not shown as the necessary data are not available to provide basis for compiling these costs. The estimated cost for the Dwelling House exemption does not take account of the availability or otherwise of the relevant thresholds if the exemption did not apply. It should be noted that information is not available for earlier years.

Exemption /Relief		2010*	2011	2012	2013	2014	2015
Dwelling House	Numbers	237	565	499	538	614	741
	Cost €m	N/A	45	38	35	41	52
Spouses and Civil Partners	Numbers	N/A	14	19	16	22	26
	Cost €m	N/A	N/A	N/A	N/A	N/A	N/A

* Contains only half year information due to a changeover in information technology systems.

Question No. 273 answered with Question No. 268.

Questions Nos. 274 to 276, inclusive, answered with Question No. 263.