Written Answers. - Tax Relief on Investments.

Síle de Valera

Question:

64 Miss de Valera asked the Minister for Finance the plans, if any, he has to tighten the regulations for qualifying investments in light of section 35 of the Finance Act. [17691/95]

The criteria for tax relief for investment in film production are set out in subsection (1) of section 35 of the Finance Act, 1987 as amended.

This tax relief investment scheme is currently under review by independent consultants appointed by the Minister for Arts, Culture and the Gaeltacht in conjunction with myself. Their findings and recommendations will firstly be assessed by both the Department of Arts, Culture and the Gaeltacht and my Department which will then report to the Minister for Arts, Culture and the Gaeltacht and myself respectively on the matter. Since my Department has not yet received the consultants' report it is not possible to anticipate what changes, if any, may be made in this area.