Eoin Ó Broin
Ceist:135. Deputy Eoin Ó Broin asked the Minister for Finance the policy rationale within his Department’s cost-rental policies for corporation tax to be charged on LDA cost rents but not AHB cost rents. [8699/24]
Amharc ar fhreagraTuesday, 27 February 2024
Ceisteanna (135)
Freagraí scríofa
I am advised by Revenue that neither the Land Development Agency (LDA) nor approved housing bodies (AHBs) are specifically exempted from corporation tax on rental income. However, as outlined in my reply to the Deputy’s PQ 4840/24 on 1 February, if an AHB has the charitable tax exemption, section 207 Taxes Consolidation Act 1997 (TCA) exempts from tax rental income “vested in trustees for charitable purposes” to the extent that the income is applied solely for charitable purposes.
Revenue is unable to provide any further information on the taxation of the LDA or AHBs because of its obligation under section 851A TCA to ensure confidentiality of taxpayer information.