Written answers

Thursday, 27 June 2013

Department of Finance

Property Taxation Data

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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103. To ask the Minister for Finance the number of properties valued for the local property tax at greater than €1m, the total amount that will be raised from properties valued at in excess of €1m based on current level of registration; and if he will make a statement on the matter. [31416/13]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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104. To ask the Minister for Finance if he will set out in tabular form the total number of deferrals from the local property tax in each valuation band; the total tax foregone in 2013 in respect of deferrals and exemptions based on current level of registration; and if he will make a statement on the matter. [31417/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 103 and 104 together.

As I indicated to the House this week in my response to Parliamentary Question No. 191 of 25 June (30191/13) the Revenue Commissioners have confirmed that LPT Returns are still being filed and payments are still being made, and these are currently being processed. It will not be possible to deal with requests for information on returns and payments, including the numbers who have sought payment deferral and exemption from the charge, until work in relation to the LPT Register, which includes the processing of LPT Returns and correspondence from property owners, is completed. They have confirmed that this work is likely to continue for some time. I am further advised by the Commissioners that detailed analysis of the Returns filed and payments is currently underway and they will make the relevant data publicly available as soon as possible.

I am also informed that during her appearance before the Oireachtas Committee on Finance, Public Expenditure & Reform on 29 May 2013, the Chairman of the Revenue Commissioners advised that, based on LPT Returns filed at that time, there were 3,599 residential properties valued by their owners at over €1m.

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