Property Tax

Tuesday, 22 September 2020

Questions (264)

Richard Boyd Barrett

Question:

264. Deputy Richard Boyd Barrett asked the Minister for Finance the estimated full year cost of abolishing the local property tax. [25570/20]

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Written answers

I am informed by Revenue that assuming the current system continues to operate as in 2020, Local Property Tax (LPT) would be expected to yield €485 million in 2021. These receipts would be lost if LPT was abolished.