How much revenue has the "bright line" tax raised?
This request has an unknown status. We're waiting for Liam Hehir to read a recent response and update the status.
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.
Inland Revenue Department
[IN CONFIDENCE RELEASE EXTERNAL]
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.
Government & Executive Services