Caoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)

The Department officials will acknowledge that this interpretation is valid.

In regard to Financial Resolution No. 3, the change in respect of tax relief for interest on personal loans applies only in the area of loans taken out to acquire an interest in property rental income companies. The tax relief for interest on personal loans in regard to other business and investment opportunities is maintained. It is my understanding that it is only in this particular area that the change is proposed. Will the Taoiseach confirm this is the case? Although it seems to be small fry in terms of the overall return, I commend the effort to close off any such abuse.

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