Dáil debates

Wednesday, 22 November 2017

Finance Bill 2017: Report Stage (Resumed)

 

6:45 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I am not convinced by this amendment and think that it could be abused. There would also be an issue of fairness in the context of cut-off dates and so forth. While I am willing to hear more on it, I would be very interested to know if there is any estimate of what this would cost to implement. The amount of property acquired between 2002 and 2008 in this country was substantial, given that we were building approximately 70,000 units per annum at that time. Obviously, the square metre condition would rule out quite a number of non-urban houses. Larger houses could be built for a lower cost in rural communities. I am not convinced by the amendment but would be very interested to hear the cost of this measure to the Exchequer. What would it cost if people could pay no tax on their rental income because they were renting another property?

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