I propose to take Questions Nos. 293 and 294 together.
I am advised by Revenue that the information provided by property owners in the LPT return is the LPT band and not the exact valuation of the property; for example, properties valued by their owners at €1.5 million fall into the valuation band €1,487,501 - €1,575,000. Therefore, while it is not possible to provide the exact number of properties for which the self-assessed valuation was in excess of €1.5 million, I am advised by Revenue that a tentative estimate of the yield from decreasing the threshold for the 0.3% rate to €1.5 million is in the region of €0.7 million annually.
I am also advised by Revenue that the estimated yield from increasing the LPT rate from 0.3% to 0.35%, for the portion of the self-assessed valuation over €1.75 million for properties assessed in that band, is in region of €0.8 million annually.