Property Tax

Dáil Éireann Debate, Wednesday - 24 June 2015

Wednesday, 24 June 2015

Ceisteanna (108, 127)

Peadar Tóibín

Ceist:

108. Deputy Peadar Tóibín asked the Minister for Finance the cost to the Exchequer in the case of abolishing the property tax. [25283/15]

Peadar Tóibín

Ceist:

127. Deputy Peadar Tóibín asked the Minister for Finance the annual revenue that would be generated from the introduction of property tax on nursing homes. [25304/15]

Freagraí scríofa

Minister for Finance

I propose to take Questions Nos. 108 and 127 together.

I am advised that the Local Property Tax (LPT) is forecast to collect €440 million in 2015. These receipts would be lost if LPT was abolished.

In relation to Question 25304-15, I am advised by the Revenue Commissioners that the cost of all LPT exemptions to the Exchequer for 2014, the most recent full year available for which figures are available, is estimated to be €12 million in total. I am further advised that costs for individual exemptions, such as for nursing homes, are not available at this time.