Joan Burton (Dublin West, Labour)
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152. To ask the Minister for Finance the status of his Department’s review of the local property tax; and if he will make a statement on the matter. [4158/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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I recently announced a review of the local property tax, LPT, which will look in particular at the impact on LPT liabilities of property price developments. It will include an examination of the outstanding recommendations of the 2015 Thornhill review of the local property tax. It is expected that the review will be completed at the end of August and that the review report will provide a number of policy choices for consideration. The review will be informed by the desirability of achieving relative stability, both over the short and longer terms, in LPT payments of liable persons. It will also include a consultation process to enable all interested parties and individuals to submit their views on the future of the LPT.

My Department will advance work on this matter in conjunction with the Departments of Housing, Planning and Local Government, Public Expenditure and Reform and the Revenue Commissioners. The purpose of the review will be to inform me in relation to any actions I may recommend to Government concerning the overall yield from LPT and its contribution to total tax revenue. This will enable me to revert to Government with proposals for change to the LPT in a timely way. Any such change would need to be legislated for in the first quarter of 2019 so that the Revenue Commissioners can be in a position to have the necessary administrative and technical arrangements in place in time in respect of the 2020 LPT year.