Barry Cowen (Offaly, Fianna Fail)
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157. To ask the Minister for Finance the approximate cost of allowing local property tax as an allowable expense for the purposes of rental income relief. [33988/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that the estimated cost of allowing the Local Property Tax as an allowable expense for the purposes of rental income is in the region of €22 million. This estimate is calculated on the basis of Local Property Tax returns where it was indicated that a property was a non-principal private residence, and assumes that each taxpayer would have sufficient rental income against which to offset the amount of LPT paid.