I propose to take Questions Nos. 154, 162 and 163 together.
I am advised by Revenue that as Local Property Tax (LPT) is forecast to collect €470 million in 2019, these receipts would be lost if the tax was abolished.
Regarding Question 21615/19, a residential property is liable for LPT if it is suitable for use as a dwelling, regardless of whether it is occupied or vacant. Therefore, the data Revenue holds on properties liable to LPT makes no distinction between those that are occupied or vacant and does not provide information on which to estimate the possible yield from the Deputy’s proposal.
Regarding Question 21617/19, I am informed by Revenue that LPT returns require owners to indicate whether their properties are principal or non-principal primary residences (NPPR). However, the information does not distinguish whether NPPR properties are owned by commercial landlords or otherwise. Page 25 of the Revenue Ready Reckoner, available at www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf, shows the yield that could be generated from imposing an additional flat charge on all NPPRs (Local Authority and Approved Housing Body owned properties are not included as NPPRs). While the calculation does not show the specific costing requested by the Deputy, the yield from a €100 per property charge is shown, and the yield from a €400 charge can be estimated on a pro-rata or straight-line basis.