Property Tax

Dáil Éireann Debate, Monday - 11 September 2017

Monday, 11 September 2017

Questions (89, 90, 93)

Ruth Coppinger

Question:

89. Deputy Ruth Coppinger asked the Minister for Finance the estimated cost in 2018 of abolishing the local property tax for principal private residences. [36816/17]

Ruth Coppinger

Question:

90. Deputy Ruth Coppinger asked the Minister for Finance the estimated amount that could be raised in 2018 by doubling the local property tax on second and subsequent properties. [36817/17]

Ruth Coppinger

Question:

93. Deputy Ruth Coppinger asked the Minister for Finance the estimated amount that could be raised in 2018 by doubling the local property tax on second properties and tripling it on third and subsequent properties. [36820/17]

Written answers

Minister for Finance

I propose to take Questions Nos. 89, 90 and 93 together.

I am informed by Revenue that the estimated amount that could be raised in 2018 by doubling the Local Property Tax (LPT) on second and subsequent properties would be in the region of €110m.

Were the rate on third and subsequent properties tripled, I am informed by Revenue that an estimated additional €35m could be raised compared to the scenario where rate was doubled for such properties.

In relation to Question 38616/17, I am informed by Revenue the estimated cost in 2018 of abolishing LPT for principal private residences is in the region of €375m.