Written answers

Tuesday, 7 February 2012

9:00 pm

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context

Question 131: To ask the Minister for Finance if a person paying mortgage interest falls into arrears, if mortgage interest tax relief at source is still available and the methods by which this may be reduced; when a person repays the arrears are there automatic provisions in place to reinstate the tax relief at source or is the person at the loss of this and have they to contact the Revenue Commissioners to have it reinstated; and if he will make a statement on the matter. [6674/12]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
Link to this: Individually | In context

The position is that tax relief for mortgage interest paid on a qualifying loan, a loan used for the purchase, repair, development or improvement of a person's main residence, is paid through the tax relief at source (TRS) system.

Where interest relief has been ceased by Revenue, and the mortgage is subsequently the subject of repayment in accordance with an agreed schedule with the mortgage provider, then subject to an application to Revenue for relief by the person concerned, relief is restored by Revenue. The relevant interest relief ceiling will of course apply so that if the overall interest repaid by the person concerned exceeds the relevant ceiling, interest relief for interest payments beyond that ceiling will not be available.

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context

Question 132: To ask the Minister for Finance if tax relief at source in respect of mortgage interest is available to persons with mortgages who are in receipt of the mortgage interest supplement; and if he will make a statement on the matter. [6675/12]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
Link to this: Individually | In context

Mortgage Interest Supplement is paid by the Department of Social Protection. It is a short term support to help pay mortgage interest repayments and the payment is based on the interest portion of a mortgage after deductions have been made for mortgage interest relief and any mortgage allowance or mortgage subsidy payable towards the interest part of the mortgage by any local authority.

Persons who are in receipt of Mortgage Interest Supplement are not precluded from claiming Mortgage Interest Relief.

Photo of Robert DowdsRobert Dowds (Dublin Mid West, Labour)
Link to this: Individually | In context

Question 133: To ask the Minister for Finance further to Parliamentary Question No. 224 of 12 January 2011, if the Revenue Commissioners have updated the estimated information for 2010 that was given in that answer, and if it has been updated, if he will set out the updated figures. [6682/12]

Photo of Robert DowdsRobert Dowds (Dublin Mid West, Labour)
Link to this: Individually | In context

Question 134: To ask the Minister for Finance further to Parliamentary Question No. 224 of 12 January 2011, if he will set out the latest estimate available to the Revenue Commissioners for the tax year 2011 of the total number of taxpayers in each of the following bands, the latest estimate of the total income for each of these bands, and the latest estimate of the total tax paid for each of those income bands, that is, those earning less than €5,000, between €5,001 and €10,000, between €10,001 and €14,000, between €14,001 and €15,000, between €15,001 and €15,514, between €15,515 and €17,542, between €17,543 and €20,000, between €20,001 and €30,000, between €30,001 and €40,000, between €40,001 and €50,000, between €50,001 and €60,000, between €60,001 and €70,000, between €70,001 and €80,000, between €80,001 and €90,000, between €90,001 and €100,000, between €100,001 and €125,000, between €125,001 and €150,000, between €150,001 and €175,000, between €175,001 and €200,000, between €200,001 and €250,000, between €250,001 and €300,000, between €300,001 and €350,000, between €350,001 and €400,000, between €400,001 and €450,000, between €450,001 and €500,000, between €500,001 and €750,000, between €750,001 and €1,000,000, between €1,000,001 and €2,000,000, and €2,000,000 and over. [6683/12]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
Link to this: Individually | In context

I propose to take Questions Nos. 133 and 134 together.

The information requested, estimated by reference to the income tax years 2010 and 2011, is set out in the following table:

2010 (provisional) 2011 (provisional)

Gross Income

Gross Gross

RangeIncomeNumbersTax PaidIncomeNumbersTax Paid
0 - 5,000495,623,776230,6850487,986,108227,0950
5,001 - 10,0001,275,216,986170,46268,9591,255,663,199167,836446,003
10,001 - 14,0001,808,764,491150,3392,654,9251,779,984,419147,9694,022,590
14,001 - 15,000543,973,40237,5171,313,885539,083,09237,1841,688,461
15,001 - 15,514296,094,90719,417780,619291,944,93719,146958,432
15,515 - 17,5421,296,090,20878,3863,331,8621,276,179,38277,1816,147,635
17,543 - 20,0001,959,064,431104,4019,983,6241,931,125,757102,91030,974,477
20,001 - 30,0009,716,508,118391,532283,492,7119,573,599,824385,744381,082,644
30,001 - 33,3433,449,159,733109,107174,667,5683,400,149,735107,551207,574,683
33,344 - 40,0006,901,581,906188,645442,375,3306,800,653,487185,876564,306,322
40,001 -,50,0009,279,663,224207,924866,609,4789,142,633,523204,8501,058,021,456
50,001 - 60,0007,615,165,884139,299956,814,1487,506,470,503137,3111,086,273,677
60,001 - 70,0006,200,789,09295,815900,606,2756,113,230,29094,466992,452,875
70,001 - 800005,180,141,22869,339829,587,9715,106,969,02768,362913,147,308
80,001 - 90,0004,049,384,42247,819710,799,4914,000,986,98747,247773,899,034
90,001 - 100,0003,151,192,55933,274599,128,8843,108,236,31532,818642,150,132
100,001 - 125,0005,386,008,66548,5701,135,112,1315,316,263,93347,9411,196,849,254
125,001 - 150,0003,154,874,86223,197734,888,3593,121,226,31522,950762,690,308
150001 - 175,0001,917,177,68511,891472,370,3171,893,410,58411,746483,959,819
175,001- 200,0001,292,292,7836,931328,742,4611,288,116,2356,910336,870,896
200,001 - 250,0001,778,423,9578,012462,994,3911,763,013,0817,942469,425,803
250,001 - 300,0001,161,552,1574,259308,750,8481,151,975,8374,226312,101,016
300,001 - 350,000820,014,5872,535220,789,296828,763,9782,563225,119,785
350,001 - 400,000595,237,9881,595164,631,271597,687,3661,601166,979,624
400,001 - 450,000485,515,7451,148132,323,183476,565,4161,126131,183,043
450,001 - 500,000370,753,257782102,483,540373,468,949788104,398,370
500,001 - 750,0001,179,192,9731,970326,926,5721,199,017,5542,000334,290,603
750,001 - 1,000,000533,400,252625153,911,445534,787,080626154,811,699
1,000,001 - 2,000,000662,730,897509176,091,517677,124,288519180,750,996
Over 2,000,0001,025,497,998118349,540,3351,016,296,602117345,279,341
Totals83,581,088,1692,186,10010,851,771,39082,552,613,7992,154,59911,867,856,287

The figures are estimates from the Revenue tax-forecasting model using actual data for the year 2009 adjusted as necessary for income and employment trends in the interim. These are, therefore, provisional and likely to be revised.

It should be noted that the income ranges shown in the above tables relate to Gross Income as defined in Revenue Statistical Report 2010.

It should also be noted that a married couple who has elected or has been deemed to have elected for joint assessment is counted as one tax unit.

Comments

No comments

Log in or join to post a public comment.