Written answers
Tuesday, 13 June 2023
Department of Finance
Tax Yield
Kathleen Funchion (Carlow-Kilkenny, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
369. To ask the Minister for Finance the estimated yield if the top four local property tax rates all increased by 30% based on 2022 figures. [27621/23]
Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
It is assumed that the Deputy is referring to increasing the rate of Local Property Tax (LPT) by 30% for all properties valued above €1,487,500, i.e., the 30% increase applies in the four highest categories of property subject to LPT.
I am advised by Revenue that the estimated yield from the proposal in question would be in the region of €8 million.
No comments