Dáil debates

Wednesday, 5 March 2008

Finance Bill 2008: Report Stage (Resumed)

 

6:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)

Has the Tánaiste received any advice from his officials in addressing the issue of management company fees? Young people, in particular, pay these fees which include service charges, the accounts or receipts for which they cannot access. Therefore, they cannot obtain this tax relief. I do not know whether the Tánaiste has taken an interest in the phenomenon of management companies and the difficulties posed by them. The constituencies most affected are in the growth areas on the edge of towns. There are now tens of thousands, mostly young people, living in management company controlled properties. Some of them are now living with negative equity and their mortgage repayments are very high. It is a worthwhile objective to try to ensure they can receive even the small amount of tax relief to which they might be entitled. What is the Minister's response?

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