Tax Yield

Tuesday, 7 July 2026

Ceisteanna (258)

Richard Boyd Barrett

Ceist:

258. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated full-year cost of abolishing the local property tax and introducing a tax on non-principal private residences, NPPRs, by single NPPR – €1,000, ten or fewer NPPRs – €1,500 per property, and 11 or more NPPRs – €2,500 per property, excluding properties owned by local authorities and approved housing bodies; and if he will make a statement on the matter. [51304/26]

Amharc ar fhreagra

Freagraí scríofa

Tánaiste and Minister for Finance

I am advised by Revenue that as the NPPR is a historic charge, Revenue does not currently hold adequate data to prepare NPPR costings. As a result, the costing has been based on properties liable to Local Property Tax, excluding the first property for each liable person and excluding all other properties owned by Local Authorities and Approved Housing Bodies, where it was possible to identify them.

The table below outlines the estimated cost of introducing a tax on 2 or more properties as follows.

Properties Owned by Owners with	Number of properties	Rate of Tax (€)	Total (€) M
2 Properties	169,236	1,000	169.2
3 or more but less than 10 Properties	106,324	1,500	159.5
11 or more Properties	84,565	2,500	211.4

The estimated full-year cost of abolishing LPT is €557m, this is based on the 2026 LPT liability as of March 2026.

Question No. 259 answered with Question No. 254.