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How much revenue has the "bright line" tax raised?

Liam Hehir made this Official Information request to Inland Revenue Department

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From: Liam Hehir

Dear Inland Revenue Department,

I would like to know two things:

1. Approximately how much tax revenue has been raised as a result of the introduction of the bright line test in 2015 for the ownership of residential property?

2. What estimates does the Department have as to the approximate cost incurred for establishing and maintaining a system for the collection of income tax under the bright line test?

For the purpose of question 1., you may assume none of the revenue paid under the bright line test would have been paid as income tax before the introduction of the test.

Yours faithfully,

Liam Hehir

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Inland Revenue Department

[IN CONFIDENCE RELEASE EXTERNAL]

Good morning,

Thank you for your request made under the Official Information Act 1982. We will respond to your request within 20 working days from the date of receipt.

Kind regards,

Government & Executive Services

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