Written answers

Thursday, 14 April 2016

Photo of Paul MurphyPaul Murphy (Dublin South West, Anti-Austerity Alliance)
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78. To ask the Minister for Finance the annual cost of tax relief and exemptions availed of by private landlords, including mortgage interest relief, for each of the years 2011 to 2015. [6308/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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It is assumed that the reference to private landlords in the Deputy's question refers to those letting private residential property. I am informed that the Revenue Commissioners do not require rental income to be returned in a manner which would enable private residential rental accommodation income, reliefs and allowances to be separately identified from income, reliefs and allowances in respect of commercial rental property. It is not therefore possible to provide the annual cost of tax relief and exemptions availed of by private landlords sought by the Deputy.

However, the Deputy may wish to note that the 2013 Report of the Comptroller and Auditor General contains, in Chapter 16, a detailed review of the taxation of rental income and expenses deductible therefrom.  This report is available on the website of the Comptroller and Auditor General and can be accessed via the following link: .

Photo of Paul MurphyPaul Murphy (Dublin South West, Anti-Austerity Alliance)
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79. To ask the Minister for Finance the projected cost of the exemption from capital gains tax for property sold after being acquired and held for seven years. [6309/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that as this scheme was only introduced in Budget 2012, it is not possible at this time to estimate how many properties will be disposed and be eligible for this scheme or the amount of the resulting chargeable capital gain, if any, that may arise on such disposals.  Accordingly, it is not possible to estimate the likely cost of the exemption.

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