Michael McGrath (Cork South Central, Fianna Fail)
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340. To ask the Minister for Finance the yield in each year from 2011 to 2013 from income tax, PRSI and USC on income from the rent received by landlords from residential properties; and if he will make a statement on the matter. [42015/14]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the amount of gross domestic rental income declared on income tax returns was €4.1bn for 2011 and €4.0bn for 2012 (returns for  tax year 2013 are not yet available). Deductions and reliefs in respect of losses, expenses and capital allowances are allowable from gross rental income and the taxable rental income for 2011 and 2012 was in the order of €1.0bn and €1.2bn respectively. These figures include rental income from both residential and commercial properties as declared by income tax payers, the details returned to Revenue do not distinguish between the two.

As rental income is aggregated with all other incomes for the purposes of the income tax assessment calculation, it is not therefore possible to specify the yield from rental income alone or provide a breakdown of yield by income tax, PRSI and USC.