Oireachtas Joint and Select Committees

Wednesday, 29 May 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Property Tax: Discussion with Revenue

5:00 pm

Photo of Michael CreedMichael Creed (Cork North West, Fine Gael) | Oireachtas source

I welcome Ms Feehily and her colleagues and thank them for their presentation and congratulate their staff and agents. While I do not know anyone who likes paying tax, it is inevitable and this tax is being processed in a very professional manner. I congratulate all involved. I would particularly like to congratulate all those who have complied. The level of compliance is remarkable.

There has been some interesting debate about the number of homes whether it is 1.7 million or 1.9 million but I am more interested in whether Ms Feehily can give us some detail of the number of taxpayers involved, particularly those who may have a liability for multiple properties. How many taxpayers have responsibility for two, ten or 100 properties?

Does Revenue have any geographical mapping of the compliance to date and are there any significant geographical indicators for compliance? The witnesses are aware that there has been some considerable concern in the framing of this legislation about similar structures in different locations attracting very different levels of valuation and the related issue of ability to pay. I would be interested in any mapping of those who have paid.

How many properties are there for which returns have been made that have a valuation of over €1 million, the mansion tax as it was called? Ms Feehily may have answered my final question about those who have not complied and Revenue's engagement with them in June and why it is happening so early. I take it that for those who have not complied the arrangement will be deductions from income or from whatever source on a weekly or monthly basis between now and the end of this calendar year.

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