Property Tax Data

Dáil Éireann Debate, Thursday - 13 July 2017

Thursday, 13 July 2017

Questions (157)

Barry Cowen

Question:

157. Deputy Barry Cowen asked the Minister for Finance the approximate cost of allowing local property tax as an allowable expense for the purposes of rental income relief. [33988/17]

Written answers

Minister for Finance

I am advised by Revenue that the estimated cost of allowing the Local Property Tax as an allowable expense for the purposes of rental income is in the region of €22 million. This estimate is calculated on the basis of Local Property Tax returns where it was indicated that a property was a non-principal private residence, and assumes that each taxpayer would have sufficient rental income against which to offset the amount of LPT paid.