Finance (Local Property Tax) Act 2012 section 157

Transfer of local property tax to the Local Government Fund

Section 157 sets out how local property tax receipts are transferred from central government into the Local Government Fund, covering both the initial years (2014–2017) and the ongoing arrangement from 2018 onwards.

• For 2014 to 2017, the Minister for Finance must pay an amount equal to the local property tax collected into the Local Government Fund from the Central Fund.
• From 2018 onwards, the Revenue Commissioners pay local property tax receipts directly into the Local Government Fund each year.
• Local property tax for these purposes includes any interest or penalties paid in connection with the tax.
• The 2018 change removed the intermediate step of routing local property tax through the Central Fund, allowing Revenue to transfer it directly.