Oireachtas Joint and Select Committees

Tuesday, 12 December 2017

Committee on Budgetary Oversight

Revaluation of Local Property Tax and Commercial Stamp Duty: Revenue Commissioners

4:00 pm

Photo of Dara CallearyDara Calleary (Mayo, Fianna Fail) | Oireachtas source

I welcome the delegation and thank them for their ongoing work. What level of engagement has the Revenue Commissioners had with the Department of Finance on LPT since 2015? Was engagement parked subsequent to the Government decision not to proceed with the revaluation?

Mr. Walsh said that very few 2015 valuations would be affected by increases. We are in 2017 now and we have new figures today showing that in Dublin prices have increased 80% since 2008. How would the figures Mr. Walsh has be affected by that? What would the average increase in LPT be for homes in the Dublin area that are being affected most particularly by property tax? What would the increase in the overall yield of LPT be based on current bands and based on the 2017 valuation? Will Mr. Walsh clarify a couple of specific situations? Are new houses built since 2013-2014 when the tax was introduced still excluded from LPT? What is the position there? Houses that have been diagnosed with pyrite continue to be excluded from LPT. There has unfortunately been an expansion of houses that have been found to be affected by pyrite or mica. What is the process for those house owners to get the exclusion that is available in some parts of the country and not in others? Is there not unfairness in that?

This question is connected to LPT. As a result of Revenue's success in LPT, it has been recommended as the agent to collect the TV licence fee. Was there any consultation with Revenue on its capacity to do that in advance of the report being published by the Department of Communications, Climate Action and Environment last week?

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