Written answers
Tuesday, 8 November 2011
Department of Finance
Tax Code
9:00 pm
Michael Creed (Cork North West, Fine Gael)
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Question 110: To ask the Minister for Finance the amount of tax foregone in 2010 and 2011 arising from liabilities arising from capital allowances under the various construction incentive schemes; the average amount claimed per taxpayer involved and the maximum and minimum amounts claimed by individual investors; and if he will make a statement on the matter. [32749/11]
Michael Noonan (Limerick City, Fine Gael)
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It is assumed that the Deputy is referring to all of the claims for tax relief allowed in respect of the different types of property related tax schemes. I am informed by the Revenue Commissioners that the relevant information available on the cost to the Exchequer of all these schemes is based on personal income tax returns filed by non-PAYE taxpayers and corporation tax returns filed by companies for the year 2009, the latest year for which this information is available. These are set out in the following table: 2009
Scheme | Tax Cost | Average Claim | Maximum Claim | Minimum Claim |
€m | € | €m | € | |
Urban Renewal | 93.1 | 78,112 | See Note | 1 |
Town Renewal | 18.3 | 45,369 | 0.7 | 1 |
Seaside Resorts | 5.3 | 15,179 | 0.3 | 1 |
Rural Renewal | 28.0 | 26,385 | See Note | 1 |
Multi-storey car parks | 5.2 | 101,538 | See Note | 69 |
Living over the Shop | 1.7 | 62,621 | 0.5 | 1792 |
Enterprise Areas | 2.1 | 45,627 | 0.3 | 1100 |
Park& Ride | 0.8 | 101,100 | 0.5 | 69 |
Holiday Cottages | 13.9 | 44,132 | See Note | 210 |
Hotels | 102.1 | 138,112 | See Note | 127 |
Nursing Homes | 21.6 | 72,567 | See Note | 1 |
Housing for the Elderly/Infirm | 2.8 | 46,896 | 0.4 | 783 |
Hostels | 0.30 | 52,142 | 0.2 | 7240 |
Guest Houses | 0.10 | 30,437 | 0.1 | 815 |
Convalescent Homes | 0.5 | 47,857 | 0.2 | 381 |
Qualifying (Private ) Hospitals | 12.5 | 88,630 | See Note | 6418 |
Qualifying Sports Injury Clinics | 1.5 | 53,731 | 0.2 | 14823 |
Buildings Used for Child-care Purposes | 12.5 | 58,444 | See Note | 529 |
Mental Health Centres | Negligible | 90,000 | See Note | See Note |
Student Accommodation | 19.1 | 64,314 | See Note | 57 |
Registered Caravan Parks | 0.2 | 300,000 | See Note | See Note |
Mid Shannon Corridor | 0.2 | 300,000 | 0.5 | 15720 |
Note: Because of the Revenue Commissioners' obligation to observe confidentiality in relation to the taxation affairs of individual taxpayers, a figure for the highest and in some cases the lowest amount of relief claimed under some of the schemes is not provided. This is due to the small numbers of returns with amounts exceeding that level. The estimated relief claimed has assumed tax forgone at the 41% rate for 2009 in the case of individuals and 12.5% in the case of companies. The figures shown correspond to the maximum Exchequer cost in terms of income tax and corporation tax. It should be noted that any corresponding data returned by PAYE taxpayers in the income tax return (Form 12) is not captured in the Revenue computer system. However, any PAYE taxpayer with non-PAYE income greater than €3,174 is required to complete an income tax return (Form 11). Corresponding data cannot yet be provided for 2010 and 2011 as the tax returns for those years are either still being processed or are not yet due.
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