Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

A review of the local property tax, LPT, is being carried out by the Department of Finance in conjunction with the Departments of the Taoiseach, Housing, Planning and Local Government, Public Expenditure and Reform and the Revenue Commissioners. The terms of reference require that in conducting the review, the review group is to have regard to the principle of achieving relative stability in the LPT payments of those liable for the tax and provide clear direction on the likely payments faced by households in 2020. This is to inform me in regard to any actions I may recommend to Government concerning the overall yield and its contribution to total tax revenue.

The review group was asked to look in particular at the impact on this tax of property price developments since the original valuation date of 1 May. I expect the review to include an examination of the outstanding recommendations of the 2015 Thornhill review of the local property tax. A public consultation process was conducted on this.

I expect to receive the final report of the review shortly. Once I have considered it, I will bring the report to the attention of Government with proposals for the next steps.

See this speech in context