Written answers
Tuesday, 15 June 2010
Department of Finance
Tax Code
8:00 am
Joan Burton (Dublin West, Labour)
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Question 169: To ask the Minister for Finance the cost to the Exchequer of the rent relief for private accommodation scheme and the yield in 2011 from the abolition of this relief. [25394/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that the most recent year for which the necessary detailed information is available regarding the rent relief for private accommodation scheme is the income tax year 2006, in which the cost to the Exchequer is estimated at approximately € 64 million. On this basis, the full year yield to the Exchequer of abolishing the rent relief for private accommodation scheme would be of the same order, although it should be noted that the value of the relief was increased in Budgets 2007 and 2008. A basis for providing an estimate of yield in 2011 from abolition is not available.
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