Seán Kenny
Ceist:125 Deputy Seán Kenny asked the Minister for Finance the expected cost to the Exchequer in 2010 or the most recent available year of property related tax schemes that are still open. [26214/11]
Amharc ar fhreagraTuesday, 27 September 2011
Ceisteanna (95)
Freagraí scríofa
It is assumed that the Deputy is referring to the cost to the Exchequer of the following property based tax incentive schemes which remain in the tax code: certain tourism infrastructure under the Mid-Shannon Scheme (only 80% of expenditure can qualify in certain areas) and Qualifying Specialist Palliative Care Units (subject to Commencement Order).
I am informed by the Revenue Commissioners that the cost of the Mid-Shannon scheme for 2009, the latest year for which data is available, was €0.2 million. The scheme for Qualifying Specialist Palliative Care Units was not commenced and thus no cost was incurred.
All other such schemes have been abolished, subject to transitional arrangements for certain schemes where projects were already in the pipeline. However, due to their nature these reliefs continue to impose ongoing costs on the Exchequer in terms of tax foregone.