Cycle to Work Scheme Administration

Dáil Éireann Debate, Thursday - 27 February 2014

Thursday, 27 February 2014

Ceisteanna (72)

Michael McGrath

Ceist:

72. Deputy Michael McGrath asked the Minister for Finance if he will amend the terms of the cycle to work scheme to allow persons who availed of tax relief under the scheme to purchase a second bike within the permitted five year period if the original bike they purchased was stolen and they can verify this fact; and if he will make a statement on the matter. [10234/14]

Freagraí scríofa

Minister for Finance

I have no plans to amend the Cycle To Work Scheme in the manner suggested by the Deputy. Bicycles are normally covered as part of a general household insurance policy or some people may opt to have specific cover for it. If an insurance policy pays out for a bicycle then the stolen one may be replaced but the tax break may only be availed of once in a 5-year period.