Wednesday, 20 June 2018

Questions (107)

Michael McGrath

Question:

107. Deputy Michael McGrath asked the Minister for Finance the number of units availing of the relief in each year since May 2015 by special regeneration area, by owner occupier residential relief, rented residential landlord relief and commercial relief, by cost to the State; the number that were for conversion; the number of each of the three reliefs that were for refurbishment in tabular form; and if he will make a statement on the matter. [27098/18]

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Written answers (Question to Finance)

I assume that the Deputy is referring to the Living City Initiative (LCI).

I am advised by Revenue that applications are only required to be made to the relevant local authority under the owner-occupier and rented residential elements of the scheme. Applications are not required to be made to the local authority under the commercial element of the scheme. Based on the most recent information received by Revenue from the City and County Councils, the number of applications received per eligible city since LCI commenced in May 2015 is as follows:

City

Applications   Received

Dublin

45

Cork

36

Limerick

14

Waterford

16

Kilkenny

9

Galway

2

Information in relation to the amount actually claimed, the cost to the Exchequer and the number of claimants for the 2015 tax year is as follows:

Year

Number of claimants

Amount claimed

€M

Maximum tax cost assumed at 41% for Inc.Tax and 12.5% for CT

€M

2015

12

0.3

0.1

 

Revenue inform me that claims for the 2016 tax year are currently being analysed and updates of this information should be published shortly in the 'Certain Property Based Tax Exemptions' table, located on their website at the following link:  

https://www.revenue.ie/en/corporate/documents/statistics/tax-expenditures/property-reliefs.pdf

 Finally, I am informed by Revenue that due to the low number of taxpayers claiming this relief, and Revenue’s obligation to observe the confidentiality of taxpayer information, it is not possible to provide further breakdowns as requested by the Deputy. Also, the information on tax returns is not submitted in a format that allows the collection of data by area or by whether the units were for conversion or refurbishment.