Brendan Ryan (Dublin North, Labour)
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55. To ask the Minister for Finance if consideration has been given to rental income being allowable against the local property tax; and if he will make a statement on the matter. [51081/13]

Michael Noonan (Limerick City, Fine Gael)
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The Inter-departmental group, chaired by Dr Don Thornhill, to consider the design of a property tax (the “Thornhill Group”) recommended that the Local Property Tax paid in respect of a rented property should be deductible for income tax or corporation tax purposes, in a similar manner to commercial rates. The Government accepted the recommendation of the Thornhill Group in principle, but has not considered the manner or the timing in which this will happen.