Results 4,781-4,800 of 6,653 for speaker:Rose Conway-Walsh

Ceisteanna Eile - Other Questions: Rail Network (30 Nov 2023)

Rose Conway-Walsh: 280. To ask the Minister for Transport, Tourism and Sport for an update on the western rail corridor; and if he will make a statement on the matter. [50158/23]

Committee on Budgetary Oversight: Election of Acting Chairman (29 Nov 2023)

Rose Conway-Walsh: I nominate Deputy Aindrias Moynihan.

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: I thank Ms Costello for that. I have just a few technical questions, to which we are confined. There is information on the Revenue website about how to calculate the tax due on rental properties. In the example of a landlord called Deirdre, she has a rental income of €15,600. It stated that she should pay €375 in tax - not even enough to benefit from the new landlord tax...

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: It will be €375 rather than €600, is that correct? It would be zeroed down.

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: Landlords can already deduct the interest on mortgages used to purchase their rental property. They can deduct, as Ms Costello said, insurance costs, maintenance costs, repair costs and RTB registration fees. When we compare that with workers who have mortgages, they cannot deduct from taxes they pay for their labour mortgage costs, interest rate costs, the cost of insurance or the cost of...

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: For clarity, is Ms Costello saying that if somebody has, say, 20 properties and sells three of them, they will then not be able to claim the tax credit on any?

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: How will the Department measure the effectiveness of it doing what Government intends it to do? How will it be evaluated in the context of outcomes?

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: What will the counterfactual be when measuring it?

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: Quarter 2 of 2022 could not be used because the eviction ban was lifted then, which would corrupt the data. It would have to be measured against something else. This is important. I am trying to figure out how the Department can do it and how, at the same time, the process can have integrity.

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: I look forward to seeing it when it comes back. As of 2020, non-tax resident landlords had a total rental income of €330 million. That was just for residential properties. If I am a non-tax resident and I have other sources of income, what would be the likely increase in the amount of tax I owe on my rental income?

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: They are taxed on the residential properties here.

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: They will. Are they passing less tax than people who are resident here?

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: Is the full cost per year €160 million?

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: That is based on the number of residential properties registered with the RTB.

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: Is Ms Costello expecting an increase in registrations with the RTB from this?

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: When you are doing your figures and anticipating the cost, are you taking into account an increase?

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: Grand. On the online form to register with the RTB and the criteria for assessing the tax breaks for landlords, do the required fields mean that you or I could not submit the claim without a valid RTB number attached? If it is not a required field, then would you leave it blank and submit the claim regardless? That would likely require an audit to catch it, so you could just continue on....

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: On the mortgage interest relief for those with a mortgage of above €80,000, how much extra would it have cost if it had been available to those with a mortgage of less than €80,000 in the balance?

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: So €22 million would have covered all those people who are parenting on their own and people with lower mortgages who are struggling. It seems a small amount of money to be able to capture some of the people who are most marginalised and having real difficulty with trying to pay their mortgages.

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Rose Conway-Walsh: I think that is very unfortunate but I know you are not making the decisions. You are just implementing them.