Written answers

Wednesday, 26 July 2017

Department of Finance

Property Tax Yield

Photo of Tommy BroughanTommy Broughan (Dublin Bay North, Independent)
Link to this: Individually | In context | Oireachtas source

132. To ask the Minister for Finance the estimated yield through the implementation of a vacant property tax of 2.5%, 5%, 7.5% and 10% respectively; and if he will make a statement on the matter. [35963/17]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am informed that no distinction is made in the Tax Code between vacant and occupied properties. It is not possible therefore to derive estimates from Revenue statistics in relation to the Deputy's question.

The Urban Regeneration and Housing Act 2015  includes a new measure, the vacant site levy, which is aimed at incentivising the development of vacant, underutilised sites in urban areas. The Deputy may wish to seek further information on this levy from my colleague, the Minister for Housing, Planning, Community and Local Government.

Comments

No comments

Log in or join to post a public comment.