Period of Consultation: 23 June 2011 to 29 July 2011
The Minister for Finance, Michael Noonan, T.D., has initiated a public consultation as part of an economic impact assessment of the potential effects of amending, curtailing and/or abolishing the legacy property-based tax reliefs.
The purpose of this consultation is to consult with all parties on how the impact assessment should proceed in determining an appropriate policy approach to the legacy reliefs. There are a wide range of issues that could potentially influence the final outcome of the impact assessment. The Department of Finance is keen to hear from all parties on these matters at an early stage. Comments on potential policy approaches that could be adopted, methodologies that may be used in the assessment and possible data sources that might be relied on are all welcome.
Interested parties are invited to respond to the consultation paper. The closing date for responses is 29 July 2011. Full details on how to make a submission and a list of the consultation questions are set out in the consultation paper below.
Any updates relating to the constultation will be published on the Department of Finance Tax Policy website http://www.taxpolicy.gov.ie.
- [download id=1]
[download id=2] (Microsoft Excel Zipped File)
* To use all of the functionality of the model, macro security must be set to ‘medium’ (In Excel, go to Tools – Options – Security – Macro Security)
- Finance Act, 2011
- Budget 2011
The consultation period has now ended.
An Impact Assessment Report, was published on 8 February 2012. Impact Assessment Report