Wednesday, 17 February 2021

Questions (157)

Seán Haughey

Question:

157. Deputy Seán Haughey asked the Minister for Finance if local property tax will be reduced for apartment owners who pay large service charges to their management companies but receive no direct services from their local authority; if the tax will also be reduced in cases in which the property has been for sale for a lengthy period of time; and if he will make a statement on the matter. [8530/21]

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Written answers (Question to Finance)

The Programme for Government "Our Shared Future" includes the following commitments in relation to LPT-

a. To bring forward legislation for the LPT on the basis of fairness and that most homeowners will face no increase.

b. To bring new homes, which are currently exempt from the LPT, into the taxation system, and that

c. All money collected locally will be retained within the county. This is to be done on the basis that those counties with a lower LPT base are adjusted via an annual national equalisation fund paid from the Exchequer.

I am currently examining options for the reform of the Local Property Tax in the light of the 2019 Interdepartmental LPT Review Report, the views of the Budgetary Oversight Committee and the Programme for Government commitments. I hope to be able to bring proposals for amending legislation to Government soon. The Deputy will appreciate that it would not be appropriate for me to comment further before the Government has had an opportunity to consider the matter fully.