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Written Answers — Department of Finance: Question Heading for question(s) 334 (1 Apr 2025)

Paschal Donohoe: As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. In terms of zoning and mapping for the purposes of assessing the level of risk that an insurer is willing to underwrite in relation to individual properties, please be aware that insurers use their own modelling tools...

Written Answers — Department of Finance: Departmental Data (1 Apr 2025)

Paschal Donohoe: To better understand the potential impact of protectionism on the Irish economy, my Department and the ESRI recently published an analytical paper where several scenarios were modelled. The analysis focuses on the impact of tariffs and does not estimate the impact of certain broader protectionist measures, including potential changes to the US tax code. While the latter could have a material...

Written Answers — Department of Finance: Housing Policy (1 Apr 2025)

Paschal Donohoe: The Central Bank of Ireland is responsible for regulating and supervising the provision of mortgage and other credit to consumers by regulated financial services providers. In line with this mandate, the Central Bank has adopted macro prudential residential mortgage lending requirements which, with a certain level of flexibility for lenders, sets maximum loan to value (LTV) and loan to income...

Written Answers — Department of Finance: Housing Schemes (1 Apr 2025)

Paschal Donohoe: The Help to Buy (HTB) incentive, is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. It also has as an aim the encouragement of additional supply of new houses by supporting demand. I am advised by Revenue that the total costs for fully approved Help to Buy (HTB) claims for the years 2017 to 2024, including retrospective cases...

Written Answers — Department of Finance: Tax Reliefs (1 Apr 2025)

Paschal Donohoe: I propose to take Questions Nos. 338 and 339 together. Section 482 of the Taxes Consolidation Act 1997 was introduced for the purpose of assisting the preservation of our built heritage, by giving tax relief to the owners or occupiers of significant buildings or gardens on the expenditure incurred by them on the repair, maintenance and restoration of those properties. This scheme applies to...

Written Answers — Department of Finance: Tax Reliefs (1 Apr 2025)

Paschal Donohoe: Relief from Capital Gains Tax (´CGT´) is available under sections 598 and 599 of the Taxes Consolidation Act 1997 (´TCA 1997´) to individuals aged 55 years or more on the disposal of qualifying business assets. The relief is commonly referred to as retirement relief, although it is not necessary for the individual to retire to qualify for the relief. Section 599 TCA 1997...

Written Answers — Department of Finance: Legislative Measures (1 Apr 2025)

Paschal Donohoe: As the Deputy will be aware, the Department of Finance’s Retail Banking Review was published in November 2022 and contained a number of recommendations. One recommendation was for the Department of Finance to develop access to cash legislation in order to establish a framework to ensure that the future evolution of cash infrastructure in the State will be managed in a fair, orderly,...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (27 Mar 2025)

Paschal Donohoe: All I can tell the Deputy is that I am aware the issue is being addressed. He is not the first person I have heard make the point. I know he is aware, as I am, of the need to make sure that whoever is driving a bus with our kids in it is able to do it safely. I know he agrees with that. That is not in doubt. The Road Safety Authority wants to ensure that if we do change the age at which...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (27 Mar 2025)

Paschal Donohoe: I thank the Deputy for raising that with me. I am not sure what influence the Department of Transport and the National Transport Authority have on the conduct and level of fees on the toll road that the Deputy referred to.

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (27 Mar 2025)

Paschal Donohoe: All I can commit to doing is raising that issue with them, which I will do. I know well how important that road is and the fact that it is used more and more to get around parts of Dublin as opposed to beyond Dublin. I will make sure the Minister for Transport is aware of the issue the Deputy raised.

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (27 Mar 2025)

Paschal Donohoe: I think there is a world of difference between me producing a document that Deputy Farrelly's party published and a report in a newspaper. I produced a document that the Social Democrats published about economic policy and the role of jobs in our economy. Any engagement on the future of health spending and the allocation of the capital budget is taken very seriously by the HSE. It aims to...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (27 Mar 2025)

Paschal Donohoe: The Deputy is not frequently a voice for calmness and moderation in this House. I did not notice him being one during the week either.

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (27 Mar 2025)

Paschal Donohoe: There is no doubt but that the Minister for Justice wants to engage with the Dáil on this issue. He gained Government agreement about the steps that are needed to implement the pact. He will of course come into the Dáil to answer questions on it but the aim of the pact is to reduce processing times for migration applications, which we all know in turn can help to reduce the...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (27 Mar 2025)

Paschal Donohoe: I thank Deputy Boland for raising this issue regarding the importance of special education and additional education for those who are beginning their lives in our schools and who need additional support and help. I know the Deputy is aware that we have more than 3,300 special classes available across our country but, out of all those, there are 14 specifically available for children with...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (27 Mar 2025)

Paschal Donohoe: I thank Deputy Ó Fearghaíl. That is why the work of Home Building Finance Ireland, HBFI, is important. As the Deputy does, I absolutely support the need for our banks to be safe and well regulated. During the awful time of the pandemic, I had many reasons to be reminded of the value of a financial sector in Ireland that is safe and well capitalised. The point the Deputy makes...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (27 Mar 2025)

Paschal Donohoe: I congratulate the Deputy Maxwell on his election to the House. I thank him for raising an issue that I know is really important for the people he represents. I know much work was done by his great predecessor, the former Minister, Heather Humphreys, with regard to this issue too and he wants to continue to build on this work. Regarding what the Deputy said, I understand that in his...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (27 Mar 2025)

Paschal Donohoe: I am not aware of that issue being raised by Dublin City Council, but I take on board the importance of the issue to which the Deputy referred. I will have to raise the funding for individual programmes with the Minister for housing, but I know what the Minister wants to do is to see more and better homes delivered through our local authorities. I know that with these kinds of issues not...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (27 Mar 2025)

Paschal Donohoe: I know the cost of childcare is still very high for many, but I also meet many people who acknowledge the reduction that has happened in childcare fees under the last Government, a reduction that we want to continue to deliver in the time ahead. However, as is the case with all of these commitments, they are dealt with budget by budget. I know the Minister for children will be raising this...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (27 Mar 2025)

Paschal Donohoe: I thank the Deputy for raising the issue of Aughrim. He has raised with me in the past the need for further investment in water in his constituency and the issues that the lack of that investment is having at the moment. I know the Irish Water plan currently sits with the regulator and it is currently being evaluated. The issues to which the Deputy referred are the reason we need to make...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (27 Mar 2025)

Paschal Donohoe: I thank Deputy McGrath for raising this issue. While there has been an exchange here about Dublin, I absolutely appreciate that our cities such as Cork also face issues and need adequate policing to be in place. I have a note here regarding national garda levels and the recruitment ambitions that we have, but I know what the Deputy is particularly concerned about is that local issue, the...

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