andMr. Ryan asked the Minister for Finance if, with a view to relieving persons who are purchasing their homes with the assistance of building society loans, he will relieve building societies of the burden of paying taxation on their profits.
Ceisteanna—Questions. Oral Answers. - Taxation on Building Society Profits.
26.
The answer is in the negative. Under existing arrangements relief to a person purchasing his house by means of a loan from a building society is accorded to him directly by the allowance of the interest on the loan as a deduction from income in computing his liability to tax.