Richard Boyd Barrett
Ceist:234. Deputy Richard Boyd Barrett asked the Minister for Finance the cost to date in 2019 of tax reliefs and exemptions available to property developers. [33528/19]
Amharc ar fhreagraDáil Éireann Debate, Tuesday - 23 July 2019
234. Deputy Richard Boyd Barrett asked the Minister for Finance the cost to date in 2019 of tax reliefs and exemptions available to property developers. [33528/19]
Amharc ar fhreagra235. Deputy Richard Boyd Barrett asked the Minister for Finance the cost to date in 2019 of the tax reliefs and exemptions available to property owners. [33529/19]
Amharc ar fhreagra236. Deputy Richard Boyd Barrett asked the Minister for Finance the cost to date in 2019 of the tax reliefs and exemptions available to landowners. [33530/19]
Amharc ar fhreagraI propose to take Questions Nos. 234 to 236, inclusive, together.
The tax reliefs and exemptions available to property developers, property owners and land owners are set out in the table. Where a tax relief or exemption falls under more than one heading, it has been listed under one heading only to avoid double counting. For example, section S604A of the Taxes Consolidation Act 1997 provides for capital gains tax relief on the disposal of land or buildings. The relief has been included under the heading “property owners”, as it may be claimed by any property owner (including a property developer) who is disposing of land or buildings.
The costs to the Exchequer, where available, are published at the following links with the most recent data currently available:
- General tax expenditures: https://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx
- Certain property based tax reliefs: https://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/property-reliefs.aspx
- LPT statistics: https://www.revenue.ie/en/corporate/information-about-revenue/statistics/local-property-tax/end-of-year-reports/local-property-tax-2018.aspx (exemption costs shown on page 5)
Legislative provision |
Type of relief or exemption |
Taxhead(s) |
Available to property developers |
||
Section 83D SDCA 1999 |
Stamp duty residential development refund scheme. |
SD |
Available to property owners |
||
Section 482 TCA 1997 |
Relief for expenditure on approved buildings and gardens. |
IT, CT |
Section 658 TCA 1997 |
Farm buildings allowances. |
IT, CT |
Section 1003 TCA 1997 |
Donation of heritage items to approved body. |
IT, CT, CGT, CAT |
Section 1003A TCA 1997 |
Donation of heritage property to an Irish heritage trust. |
IT, CT, CGT, CAT |
Various sections of the TCA 1997 |
Industrial buildings allowances. |
IT, CT |
Various sections of the TCA 1997 |
Residential property based incentives. |
IT, CT |
S597AA TCA 1997 |
Revised Entrepreneur Relief |
CGT |
S598 TCA 1997 |
Disposals of business or farm on “retirement” |
CGT |
S598A TCA 1997 |
Relief on dissolution of farming partnerships |
CGT |
S599 TCA 1997 |
Disposals within family of business or farm |
CGT |
S600 TCA 1997 |
Transfer of business to company |
CGT |
S604 TCA 1997 |
Disposals of principal private residence |
CGT |
S604A TCA 1997 |
Relief for certain disposals of land or buildings |
CGT |
S604C TCA 1997 |
Exemption of certain payment entitlements |
CGT |
S606 TCA 1997 |
Disposals of work of art, etc., loaned for public display |
CGT |
S611 TCA 1997 |
Disposals to State, public bodies and charities |
CGT |
LPT |
Exemptions for property owners |
LPT |
Section 89 CATCA 2003 |
Agricultural Relief |
CAT |
Section 86 CATCA 2003 |
Dwelling House Exemption |
CAT |
Available to land owners |
||
Section 664 TCA 1997 |
Relief for certain income from leasing of farm land. |
IT |
Section 81AA SDCA 1999 |
Stamp duty exemption on transfers of land to ‘young trained farmers’. |
Stamp duty |
Section 81C SDCA 1999 |
Stamp duty exemption for consolidation of farmland, i.e. land both bought and sold within a specified period. |
Stamp duty |
S603A TCA 1997 |
Disposal of site to child |
CGT |
S604B TCA 1997 |
Relief for farm restructuring |
CGT |
S564 TCA 1997 |
Woodlands |
CGT |