Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I thank the Minister. If the note could be shared with the committee, it would be very helpful.

The Minister detailed in the reference to section 97(2I) of the Taxes Consolidation Act the connection between allowing the deductability of certain payments arising from purchase or repair of a property and it being contingent on a box being ticked on the form to confirm that a tenancy has been registered with the RTB.

That is welcome and I accept that requirement is there.

The issue the amendment focuses on relates to landlords claiming tax deduction for the annual management charges of fees paid to a management company. The Minister has acknowledged these are tax deductible. Yet, there does not seem to be any corresponding requirement for landlords who claim that relief to demonstrate that they have registered with the Residential Tenancies Board. Not every tenancy would result in interest deductibility being relevant. There may be no loan associated with a particular property, but the landlord could claim the tax deduction for the payment of the management fees. Does the Minister get the point I am making? I am referring to the connection with that as opposed to with interest deductibility. That is the issue this amendment raises.