Wednesday, 20 January 2021

Questions (163)

Neasa Hourigan

Question:

163. Deputy Neasa Hourigan asked the Minister for Finance if he will provide a list of all tax expenditures related to housing construction and development supports in 2019. [2885/21]

View answer

Written answers (Question to Finance)

My Department has published a Report on Tax Expenditures with each Budget since Budget 2016 (the Report on Tax Expenditures 2020 published on the day of Budget 2021 being the most recent). The report provides tables, of the extant tax expenditures and where available the number availing and revenue forgone in respect of each of the two most recently available years. It can be found at the following link:

http://www.budget.gov.ie/Budgets/2021/Documents/Budget/121020%20Tax%20Expenditures%20Report%202020%20for%20Publication.pdf

The main tax expenditures coming within scope of the Deputy’s question include:

Tax Expenditure

Cost (Most recent year available)

Claims(Most recent year available)

Help to Buy (Income Tax)

€101.3m (2019)

6,603 (2019)

Residential Development Refund Scheme (Stamp Duty)

€9.1m (2019)

954 (2019)

Living City Initiative (Income Tax)

€0.2m (2018)

27 (2018)