Finian McGrath
Question:303. Deputy Finian McGrath asked the Minister for Finance his views on a matter (details supplied) regarding property tax; and if he will make a statement on the matter. [15540/15]
View answerTuesday, 21 April 2015
Questions (303)
Written answers
I wish to advise the Deputy that, having made a commitment to examine the Local Property Tax (LPT) and any impacts on LPT liabilities as a result of property price movements, I have appointed former public servant Dr. Don Thornhill to conduct a review to consider and make recommendations on the operation of the Local Property Tax. In particular the Review will have regard to:
Recent residential property price developments,
The overall yield from LPT and its contribution to total tax revenue on an ongoing basis, and
The desirability of achieving relative stability, both over the short and longer terms, in LPT payments of liable persons.
A public consultation has been launched as part of the review, inviting submissions from the public on the operation of LPT. This public consultation process will run until 30th April 2015. Any submissions that the Deputy or the person, on whose behalf this Question was asked, may wish to make to the public consultation will be more than welcome.
Submissions may be made by email to lptreview@finance.gov.ie or by post to:
Local Property Tax Review
Tax Policy Division
Department of Finance
Government Buildings
Upper Merrion Street
Dublin 2
I expect that the review will be completed by summer 2015, and will be considered in the context of Budget 2016.