Barry Cowen (Offaly, Fianna Fail)
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63. To ask the Minister for Finance the local property tax revenue that is expected to accrue to local authorities on the basis of the phasing out of the exemptions in 2019 for properties purchased in 2013 and for new and previously unused properties purchased from a builder or developer between 1 January 2013 and 31 October 2019. [44372/17]

Barry Cowen (Offaly, Fianna Fail)
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64. To ask the Minister for Finance the estimated amount of revenues lost due to all exemptions to the local property tax. [44373/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 63 and 64 together.

I am advised by Revenue that the cost of all claimed exemptions to Local Property Tax (LPT) is estimated to be €12.5m for 2017. The estimated cost associated with the exemptions that are due to expire in 2019 is €3.5m.

These estimates include exemptions claimed in respect of properties purchased from a builder or developer since 1 January 2013 (in order to qualify for the exemption the property must be new and previously unused)  as well as properties that were purchased as main residences in 2013.

The cost provided only includes properties where the liable person filed a return claiming the exemption. Where new and previously unused properties were purchased during the current Valuation Period (after 2013) there is no obligation to file an LPT return as they are not liable to the tax until the next Valuation Period (1 November 2019).

Revenue does however capture data relating to new and previously unused properties on the LPT Register via Stamp Duty records and through various other information sources but they do not have a valuation associated to them as they are considered not-liable for the current Valuation Period and are not included in the cost provided.