Tuesday, 16 July 2013
Department of Finance
Property Taxation Administration
233. To ask the Minister for Finance if the Revenue Commissioners will transfer all of the local property tax income to the Local Government Fund for 2013; and if he will make a statement on the matter. [34415/13]
Section 157 of the Finance (Local Property Tax) Act 2012, as amended, provides that, in each financial year commencing with 2014, the Minister shall pay from the Central Fund or the growing produce thereof into the LGF an amount equivalent to the LPT, including any interest paid thereon, paid into the Central Fund during that year. Receipts from the Local Property Tax received in 2013, which already total €126 million in the period to end-June, will remain in the Exchequer and will be used to reduce the deficit.