Written answers
Tuesday, 11 November 2008
Department of Finance
Tax Yield
10:00 pm
Joan Burton (Dublin West, Labour)
Link to this: Individually | In context
Question 232: To ask the Minister for Finance the amount of tax that was foregone under each of every property tax-based scheme in 2006 and 2007; and if he will make a statement on the matter. [39627/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context
I am informed by the Revenue Commissioners that the amount of tax foregone under each property-based scheme in 2006 is as follows:
Scheme | Tax Cost |
€m | |
Urban Renewal | 140.5 |
Town Renewal | 38.7 |
Seaside Resorts | 6.4 |
Rural Renewal | 38.0 |
Multi-storey car parks | 16.6 |
Living over the shop | 2.7 |
Enterprise Areas | 3.0 |
Park and Ride | 2.8 |
Holiday Cottages | 9.5 |
Hotels | 106.6 |
Nursing Homes | 14.7 |
Housing for the Elderly/Infirm | 1.4 |
Hostels | 0.82 |
Guest houses | 0.08 |
Convalescent Homes | 1.7 |
Qualifying (Private) Hospitals | 10.6 |
Qualifying sports injury clinics | 0.0 |
Buildings used for Childcare Purposes | 6.0 |
Student Accommodation | 64.3 |
Total | 464.4 |
It should be noted that the cost of tax relief for property tax based schemes which still remain in the tax code is estimated at just over €34 million for 2006.
I am advised by the Revenue Commissioners that data for the tax year 2007 is not yet available as the appropriate income tax and corporation tax returns for that year are either not yet due for filing (by 17th November 2008 in the case of returns filed via ROS) or have only recently been filed but have not yet been processed.
Joan Burton (Dublin West, Labour)
Link to this: Individually | In context
Question 233: To ask the Minister for Finance the amount of tax that was foregone under the business expansion scheme and the seed capital scheme respectively in 2006 and 2007; and if he will make a statement on the matter. [39628/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context
I am informed by the Revenue Commissioners that the estimated tax foregone in respect of the Business Expansion Scheme and the Seed Capital Scheme for the years 2006 and 2007 is as set out in the following table:
2006 | 2007 | |
â'¬m | â'¬m | |
Business Expansion Scheme | 21.4 | 17.5 |
Seed Capital Scheme | 1.2 | 2.3 |
No comments