Property Tax Administration

Dáil Éireann Debate, Tuesday - 20 March 2018

Tuesday, 20 March 2018

Ceisteanna (64, 91)

John Lahart

Ceist:

64. Deputy John Lahart asked the Minister for Finance the anticipated yield from the review being undertaken of the local property tax; and if he will make a statement on the matter. [11796/18]

Thomas P. Broughan

Ceist:

91. Deputy Thomas P. Broughan asked the Minister for Finance the changes he plans to make to the local property tax; and if he will make a statement on the matter. [12512/18]

Freagraí scríofa

Minister for Finance

I propose to take Questions Nos. 64 and 91 together.

I recently announced a review of the Local Property Tax (LPT) which is looking in particular at the impact on LPT liabilities of property price developments. In that regard the review underway will be informed by the desirability of achieving relative stability, both over the short and longer terms, in LPT payments of those liable for the tax and provide clear direction on the likely payments faced by households in 2020. The purpose of the review is to inform me in relation to any actions I may recommend to Government concerning the overall yield from LPT and its contribution to total tax revenue. I look forward to seeing the outcome of the review around August of this year.