175. Deputy John Browne asked the Minister for Finance the reason the non-deductibility of local property tax from private rental income is being excused on the basis that it would reduce the tax base, when it is an expense wholly and necessarily incurred in the business of letting private rental property; his views that a business cost is a business cost regardless of its impact elsewhere, as otherwise it could be argued that anything that reduces exposure to taxation reduces the tax base, whether that be income tax, corporation tax, VAT refunds, personal reliefs and so on; and if he will make a statement on the matter. [5357/14]

Summary

175. Deputy John Browne asked the Minister for Finance the reason the non-deductibility of local property tax from private rental income is being excused on the basis that it would reduce the tax base, when it is an expense wholly and necessarily incurred in the business of letting private rental property; his views that a business cost is a business cost regardless of its impact elsewhere, as otherwise it could be argued that anything that reduces exposure to taxation reduces the tax base, whether that be income tax, corporation tax, VAT refunds, personal reliefs and so on; and if he will make a statement on the matter. [5357/14]

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• Property Tax Administration

  xml · EN · 4 February 2014

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