Oireachtas Joint and Select Committees

Wednesday, 29 May 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Property Tax: Discussion with Revenue

4:10 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

The figure for deferrals and exemptions is 3%. The Government estimated that there would be a 15% deferral rate when it announced this tax and assumed an income of €500 million in a full year based on a rate of deferrals of 15%. Based on the calculations presented to this committee by Ms Feehily, with a 97% compliance rate or a 3% deferral rate, the tax would yield an additional €70 million euro. I ask Ms Feehily to comment on that. Secondly-----

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