Dáil Éireann Debate, Tuesday - 16 February 2010
196 Deputy Joan Burton asked the Minister for Finance the cost to the Exchequer for 2007, 2008, 2009; and the expected cost for 2010 for all areas and property based tax incentives; and if he will make a statement on the matter. [7683/10]
Amharc ar fhreagraI am informed by the Revenue Commissioners that the relevant information available on the cost to the Exchequer of each of the property and area based tax reliefs is based on personal income tax returns filed by non-PAYE taxpayers and corporation tax returns filed by companies for the year 2007, the latest year that this information is available. These are set out in the following table:
|
Scheme |
2007 |
|
€m |
|
|
Urban Renewal |
109.3 |
|
Town Renewal |
34.6 |
|
Seaside Renewal |
8.0 |
|
Rural Renewal |
48.5 |
|
Multi-storey car parks |
9.6 |
|
Living over the Shop |
3.0 |
|
Enterprise Areas |
2.8 |
|
Park & Ride |
1.4 |
|
Holiday Cottages |
12.4 |
|
Hotels |
118.0 |
|
Nursing Homes |
18.3 |
|
Housing for the Elderly/Infirm |
2.6 |
|
Hostels |
0.72 |
|
Guest Houses |
0.02 |
|
Convalescent Homes |
0.5 |
|
Qualifying (Private) Hospitals |
12.0 |
|
Qualifying Sports Injury Clinics |
1.8 |
|
Buildings used for childcare purposes |
9.8 |
|
Psychiatric Hospitals |
0.1 |
|
Mental Health Centres |
0.0 |
|
Student Accommodation |
42.0 |
|
Total |
435.4 |
I am advised by Revenue that they are not yet in a position to provide data for 2008 in respect of tax costs of area and property incentives, as all tax returns filed for that year have not been processed. For the same reason, I am not in a position to provide the data requested by the Deputy for the year 2009.
As regards projections for 2010, projections for income tax receipts are based on assumed movements in macro-economic parameters and not by reference to the costs of individual tax reliefs. Accordingly, I am not in a position to provide the projected cost data requested by the Deputy for the year 2010 in relation to the above-mentioned reliefs.
