Dáil Éireann Debate, Tuesday - 15 July 2014
230. Deputy Pearse Doherty asked the Minister for Finance the partial and full-year revenue that would be raised for the Exchequer by standardising investment in rented residential relief under section 23. [31250/14]
View answerI am informed by the Revenue Commissioners that, as Section 23 relief is included in aggregated loss claims after the first year of claim, tax returns do not provide a basis for compiling estimates for the yield from standardising relief for all claims under the Section. If the Deputy had in mind to standardise the relief for properties that are yet to claim Section 23 relief for the first time, it is tentatively estimated, based on analysis of first time claimants in previous years' tax returns, that the Exchequer yield could be around €5 million over the period of claim.
