Dáil Éireann Debate, Thursday - 4 October 2018
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Living City Initiative
85. Deputy Darragh O'Brien asked the Minister for Finance the number of applications for the Living City initiative relief; the number of successful applications; and the amount of taxation expenditure on the scheme per annum since its inception to date and by type, that is, owner occupier, commercial and rented. [40530/18]
Amharc ar fhreagraI am advised by Revenue that the number of applications received since the Living City Initiative commenced in May 2015 is 136. Information in relation to the number of claimants, the amount claimed and the cost to the Exchequer in 2015 and 2016, the most recent year for which data is available, is included in the table below:
|
Year |
Number of claimants |
Amount claimed €M |
Maximum tax cost assumed at 40% for Income Tax and 12.5% for Corporation Tax €M |
|
2016 |
15 |
0.5 |
0.2 |
|
2015 |
13 |
0.5 |
0.2 |
I am also advised by Revenue that due to the low number of taxpayers claiming this relief, and its obligation to observe the confidentiality of taxpayer information, it is not possible to provide the further breakdowns requested by the Deputy.
