Written answers

Tuesday, 19 June 2018

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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146. To ask the Minister for Finance if he will address a matter (details supplied) regarding rental income; and if he will make a statement on the matter. [26420/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that incomes from various sources, such as rental income, are combined in the tax assessment calculation and it is therefore not possible to identify the resulting tax yield from any one particular income source.

Revenue have also advised me that the tax returns up to and including the 2015 tax year did not require rental income to be returned in a manner that separately identified income from residential and non-residential property. It is therefore not possible to provide the proportion of residential rental income separately.

Tax returns for 2016 now include separate declarations of residential and non-residential rental incomes and data from these returns is currently being processed and will be made available in the coming months.

The total gross rental income from both residential and commercial property combined, for each of the years 2010 to 2015, is set out in the following table.

YearRental Income (€m)
2015€4,003
2014€3,982
2013€3,938
2012€4,034
2011€4,139
2010€4,258

In relation to the forecast of tax on rental income, my Department together with Revenue forecasts tax receipts on a tax head basis. Separate forecasts are not estimated for particular sectors or types of economic activity.

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