Oireachtas Joint and Select Committees

Wednesday, 29 November 2023

Committee on Budgetary Oversight

Tax Expenditures in Budget 2024: Department of Finance

Ms Clare Costello:

The costing that we have done for the mortgage interest tax relief of €125 million, which I mentioned in my opening statement, was based on data provided by the Central Bank. It would have looked at the central credit register at the end of June 2023 and provided us with the costing for the measure. With respect to moving that lower threshold of €80,000, there would be a cost of an additional €22 million in 2024. It is €125 million for the measure that stands and an additional €22 million is the tentative estimated cost that we worked out with the Central Bank.