Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

423. To ask the Minister for Finance the amount of tax that was forgone due to the knowledge box in the latest available figures. [41162/21]

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

I am advised by Revenue that the most recent data on the annual cost and the number of claimants of the Knowledge Development Box (KDB) are published on page 17 of Revenue’s paper on 2020 Corporation Tax payments and 2019 Corporation Tax returns. The paper provides the figures in respect of number of claimants and tax cost for the years 2016 to 2019, and is available at www.revenue.ie/en/corporate/documents/research/ct-analysis-2021.pdf.

In this regard, the Deputy may be aware that a claimant company has a period of up to 24 months to make a claim for KDB relief. It is anticipated that companies will make use of the 24 month time frame available. Therefore further claims in respect of the year ended 31 December 2019 may be made by September 2021.

Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

424. To ask the Minister for Finance the amount collected in stamp duty charged on the purchase of stocks and marketable securities of Irish incorporated companies in 2020. [41163/21]

Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

449. To ask the Minister for Finance the estimated revenue that would be generated in 2022 by increasing the rate of stamp duty on residential property to 2% and 5% on properties with values greater than or equal to €700,000 and greater than or equal to €1,000,000, respectively. [41358/21]

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

I propose to take Questions Nos. 424 and 449 together.

The yield from Stamp Duty on transactions in shares, stocks and marketable securities is published at link: www.revenue.ie/en/corporate/information-about-revenue/statistics/receipts/receipts-stamp-duty.aspx. This information is not separately available in relation to Irish incorporated companies only.

The Revenue Ready Reckoner, which is available at link: www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf, shows on page 18, the estimated yield from changes to the rate of Stamp Duty on residential property. The proposed increases can be derived on a pro rata basis from the information in the published table. These costings assume no behavioural change arising from the proposed changes.

Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

425. To ask the Minister for Finance the cost to date in 2021 of tax reliefs and exemptions available to property developers. [41164/21]

Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

426. To ask the Minister for Finance the cost to date in 2021 of the tax reliefs and exemptions available to property owners. [41165/21]

Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

427. To ask the Minister for Finance the cost to date in 2021 of the tax reliefs and exemptions available to landowners. [41166/21]

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

I propose to take Questions Nos. 425 to 427, inclusive, together.

Information relating to the various reliefs and exemptions are set out in the links below. The Deputy should be aware that some of the measures contained in the links are not exclusive to property owners, landowners and developers. It should also be noted that some are no longer available to new claimants.

The figures set out in the links below relate to the most recent years for which data are available. As the Deputy will appreciate, tax returns for 2021 are not yet available. The data range from various dates (depending on the different reliefs and exemptions) up to the most recent years for which figures are available (generally 2018 or 2019).

- Interest paid on loans relating to principal private residence, relief for expenditure on significant buildings and gardens and the rent a room scheme (available at: www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx);

- Property incentives (available at: www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/property-reliefs.aspx);

- Home Renovation Incentive Scheme (available at:www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/index.aspx);

- Help to Buy scheme (available at: www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/index.aspx);

- Local Property Tax (numbers claiming various exemptions available at: www.revenue.ie/en/corporate/information-about-revenue/statistics/local-property-tax/index.aspx) .