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

I move amendment No. 6:

In page 18, between lines 14 and 15, to insert the following:

“ ‘local property tax number’ means the unique identification number assigned to a residential property by the Revenue Commissioners under section 27 of the Finance (Local Property Tax) Act 2012;”.

Section 13 of the Bill provides for the temporary one-year mortgage interest tax relief I announced on budget day. Mortgage interest tax relief will be available to taxpayers in respect of their principal private residence in the State where the outstanding mortgage balance was between €80,000 and €500,000 on 31 December 2022 and the taxpayer is compliant with local property tax requirements. To claim mortgage interest tax relief, the taxpayer must file a tax return with Revenue. As part of this process, the taxpayer will be required to provide certain information to Revenue, such as the claimant’s name, address, eircode and personal public service number, PPSN. For operational and compliance reasons, it is considered necessary that the claimant is also required to provide the local property tax number. These amendments address this point. I would also like to make the committee aware that I intend to bring forward a Report Stage amendment in relation to mortgage interest tax relief to ensure that the section works as intended.