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09/12/2015
SF Reaffirms Commitment To Abolishing Local Property Tax
Sinn Féin has reaffirmed its commitment to abolishing the Local Property Tax (LPT).
Senator Kathryn Reilly made the commitment speaking in the Seanad.
"The LPT is an unfair tax, not only is it unfair, it is also not working. That is why the government is now reviewing it in the Houses of the Oireachtas. However, there is no point in reviewing a tax that is not working, the tax as a whole should be abolished," Senator Reilly said.
"The Thornhill Report, carried out to look at the LPT, outlined how the longer revaluations are left, the harder it is to do them, as the bigger the jump will be in the amount paid. Some projections for example have predicted that by 2019 the average house price will have risen by €68,000 meaning that the average family could see a jump of around €150 in property tax.
"One national newspaper has stated that 'The local property tax is now on life support and the next government will have to make a quick decision about whether to revive it, or kill it off'. We are opposed to the underlying principles of the property tax. We want the abolition of the Local Property Tax. That is my party's commitment if elected to government. We have tabled the legislation and it was rejected but it is a firm promise.
"Minister of State, Deputy Simon Harris stated in response to my questioning around the LPT and the Thornhill Report that the implementation of the recommendations of the report would be a matter for the next government, however, he refused to state what Fine Gael proposed to do if in government after the next election nor what Fine Gael's position is on the LPT coming into the general election.
"It is completely Sinn Fein's opinion that the LPT is a failed tax and no amount of spin can hide the fact that unless there is a change of government families across this State in mortgage arrears, in negative equity or even struggling to pay mortgages and rent face significantly higher property tax bills within the next few years.
"There is no point in tinkering around the edges of a flawed and failed piece of legislation; the LPT should be repealed in its entirety, an act which would give a massive financial stimulus to those struggling to pay it."
(MH/CD)
Senator Kathryn Reilly made the commitment speaking in the Seanad.
"The LPT is an unfair tax, not only is it unfair, it is also not working. That is why the government is now reviewing it in the Houses of the Oireachtas. However, there is no point in reviewing a tax that is not working, the tax as a whole should be abolished," Senator Reilly said.
"The Thornhill Report, carried out to look at the LPT, outlined how the longer revaluations are left, the harder it is to do them, as the bigger the jump will be in the amount paid. Some projections for example have predicted that by 2019 the average house price will have risen by €68,000 meaning that the average family could see a jump of around €150 in property tax.
"One national newspaper has stated that 'The local property tax is now on life support and the next government will have to make a quick decision about whether to revive it, or kill it off'. We are opposed to the underlying principles of the property tax. We want the abolition of the Local Property Tax. That is my party's commitment if elected to government. We have tabled the legislation and it was rejected but it is a firm promise.
"Minister of State, Deputy Simon Harris stated in response to my questioning around the LPT and the Thornhill Report that the implementation of the recommendations of the report would be a matter for the next government, however, he refused to state what Fine Gael proposed to do if in government after the next election nor what Fine Gael's position is on the LPT coming into the general election.
"It is completely Sinn Fein's opinion that the LPT is a failed tax and no amount of spin can hide the fact that unless there is a change of government families across this State in mortgage arrears, in negative equity or even struggling to pay mortgages and rent face significantly higher property tax bills within the next few years.
"There is no point in tinkering around the edges of a flawed and failed piece of legislation; the LPT should be repealed in its entirety, an act which would give a massive financial stimulus to those struggling to pay it."
(MH/CD)
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02 August 2013
Final Week To Pay Local Property Tax
More than 50,000 property owners now have just seven days to pay the Local Property Tax at which point the money will deducted directly from wages or pensions. To date, some 1.58 million returns have been filed and more than €175m collected. Revenue said any householders with questions can contact the LPT helpline on 1890200255.
Final Week To Pay Local Property Tax
More than 50,000 property owners now have just seven days to pay the Local Property Tax at which point the money will deducted directly from wages or pensions. To date, some 1.58 million returns have been filed and more than €175m collected. Revenue said any householders with questions can contact the LPT helpline on 1890200255.
26 May 2009
No More Income Tax Hikes, Claims Lenihan
The Finance Minister Brian Lenihan has said there will be no further income tax increases this year. The vow comes only a month after the Government doubled the income levies in the emergency budget. Despite the assurances, Mr Lenihan has confirmed that a property tax and a carbon tax were being considered.
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The Finance Minister Brian Lenihan has said there will be no further income tax increases this year. The vow comes only a month after the Government doubled the income levies in the emergency budget. Despite the assurances, Mr Lenihan has confirmed that a property tax and a carbon tax were being considered.
22 September 2014
Sinn Féin To Push For Full 15% Local Property Tax Reduction
Dublin City Council will meet tonight (Monday) to discuss a possible reduction of the Local Property Tax, with Sinn Féin saying that they will push for the full 15% reduction allowed by government legislation.
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29 October 2013
Revenue Asking How You Plan To Pay Property Tax
Some 960,000 people are to receive a letter from the Revenue Commissioners asking them to indicate their preferred payment method for next year's collection of the Local Property Tax.
Revenue Asking How You Plan To Pay Property Tax
Some 960,000 people are to receive a letter from the Revenue Commissioners asking them to indicate their preferred payment method for next year's collection of the Local Property Tax.
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