Oireachtas Joint and Select Committees
Tuesday, 26 November 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance (No. 2) Bill 2013: Committee Stage
3:10 pm
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
These are practical questions. The measure is very good, but, if the limit is €34,000, could someone decide to carry out work in three parts in the years 2013, 2014 and 2015, with each part worth €12,000, and qualify to claim the tax relief in each year? People could claim the tax credit based on the limit of €34,050 but some may not be able to afford to spend the full €34,000 needed to do the work. Can they divide the work over a three year period and claim the tax credit in the following two years for the individual items of work done in a specific year, up to a maximum-----
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