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Tax Credits

Dáil Éireann Debate, Thursday - 17 February 2022

Thursday, 17 February 2022

Questions (195)

Neale Richmond

Question:

195. Deputy Neale Richmond asked the Minister for Finance if he will consider introducing tax credits for owner-occupiers of defective apartments and duplexes who have paid levies for the remediation of same; and if he will make a statement on the matter. [8920/22]

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Written answers (Question to Finance)

As the Deputy may be aware, the Minister for Housing, Local Government and Heritage, has established an Independent Working Group to examine the issue of defective housing. Officials from my Department participate in this Working Group. The objectives of the group are to identify the scope of relevant significant defects in housing, to evaluate the scale of housing affected, to propose a means of prioritising defects, to evaluate the cost of remediation, to recommend appropriate mechanisms for resolving defects and, to consider financing options in line with the Programme for Government commitment to identifying options for those impacted by defects to access low-cost, long-term finance. A final paper is due to be completed by Q2 2022.  

Separately, my Department's Tax Expenditure Guidelines are clear that a tax-based intervention should only be considered where it would be more efficient than a direct expenditure measure. 

In the circumstances, any intervention by me would seem to be premature at this point.

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