Property tax could be deducted from pensions

January 16, 2013 The MyHome Newsdesk by The MyHome Newsdesk
Property tax could be deducted from pensions

The Government will give homeowners who receive State pensions the option of having their property tax payments deducted directly from their pensions when the tax comes into force next July.

According to today's Irish Times, Minister for Social Protection Joan Burton said in a memo to the Cabinet yesterday that her department would introduce a “deduction-at-source” scheme for all social welfare recipients by the time the local property tax is introduced.

The scheme will enable such property owners to spread out their payments in instalments between July and the end of the year. Such deductions will not be automatic – recipients must elect to have the tax taken at source.

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