Written answers

Tuesday, 11 November 2008

10:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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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]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that the amount of tax foregone under each property-based scheme in 2006 is as follows:

SchemeTax Cost
€m
Urban Renewal140.5
Town Renewal38.7
Seaside Resorts6.4
Rural Renewal38.0
Multi-storey car parks16.6
Living over the shop2.7
Enterprise Areas3.0
Park and Ride2.8
Holiday Cottages9.5
Hotels106.6
Nursing Homes14.7
Housing for the Elderly/Infirm1.4
Hostels0.82
Guest houses0.08
Convalescent Homes1.7
Qualifying (Private) Hospitals10.6
Qualifying sports injury clinics0.0
Buildings used for Childcare Purposes6.0
Student Accommodation64.3
Total464.4

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.

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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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]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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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:

20062007
â'¬mâ'¬m
Business Expansion Scheme21.417.5
Seed Capital Scheme1.22.3

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