Written answers
Wednesday, 14 September 2011
Department of Finance
Tax Reliefs
9:00 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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Question 81: To ask the Minister for Finance the cost to the Exchequer of the remaining tax expenditures to be paid as a legacy resulting from property reliefs issued up to 2008. [23256/11]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the information provided in tax returns on the annual amounts of claims for property based tax reliefs is not sufficiently detailed to provide a basis for deriving an estimate of the remaining legacy cost to the Exchequer. I am not therefore in a position to provide the information requested by the Deputy. The estimated annual cost to the Exchequer of all "legacy" property-related tax schemes in 2009 was €341.8m.
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