Pearse Doherty (Donegal, Sinn Fein)

I move amendment No. 11:

In page 18, between lines 26 and 27, to insert the following:

“Amendment of Principal Act

13. The Principal Act is amended by the insertion of the following section after section 216F: “216G.(1) In this section—

‘qualifying residence’, means a residential premises situated in the State constructed prior to 2023 which has not been subject to a rental agreement in the three years prior to the year of assessment;

‘relevant income’ means all income arising in respect of rent paid under a rental agreement from a relevant person for the use a qualifying residence;

‘relevant person’ means a qualified applicant under a scheme administered by the Minister for Housing, Heritage and Local Government and known as the Enhanced Defective Concrete Blocks Grant Scheme;

‘rental agreement’ means an agreement or arrangement under which one party grants to a qualifying individual the right to occupy all or part of a dwelling, subject to the payment of money;

‘residential premises’ means a building or part of a building used as a dwelling.

(2) (a) This subsection applies to an individual who has relevant income chargeable to income tax.

(b) An individual referred to in paragraph (a) shall be—

(i) an owner of the qualifying residence, and

(ii) a natural person.

(3) Relevant income shall be exempt from income tax and shall not be reckoned in computing income for the purposes of the Income Tax Acts.”.

See this speech in context