Stephen Donnelly (Wicklow, Independent) | Oireachtas source

I could not have put it better myself. Finance experts came to me about this. I had not spotted it at all. Deputy Creighton has articulated the case very well.

The finance and tax experts tell me this will mean that if parents give their child a few bob for a wedding it will be taxed, sooner or later. There is a second issue which the Revenue Commissioners have clarified but which I would like to hear the Government clarify as well. The fact that the Revenue Commissioners had to clarify it means that this is a badly written and badly thought through amendment to the principal Act. The issue is that people could be taxed for living with their parents. The Revenue Commissioners have said that is not the case but that is their interpretation. I hope that is not what the Government proposed. Maybe this was discussed on Committee Stage but I would like a further reassurance from the Government that there is absolutely no intention that in any future situation the Revenue Commissioners could interpret the legislation in such a way that people could incur a benefit-in-kind tax for living with their parents.

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