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

Ms Josephine Feehily:

Thank you. I will try to be brief. We have no information yet on geographical spread. We have not done that analysis, as I explained earlier. We are just too busy. We will have geographical information and a lot of data that we will share with academics and so on. We estimate that between 10% and 12% of the taxpayers will be responsible for multiple properties. At the moment, based on the numbers we have, which are a bit out of date because of the pace of the filing, we had approximately 165,000 owners of two or more properties a few days ago.

There are 3,599 properties worth over €1 million to date. They have a special tax rate so it is easy for us to count them.

One of the reasons for moving on the compliance in June is to spread the payments as evenly as possible over whatever pay days the taxpayers have left.

Comments

No comments

Log in or join to post a public comment.