Results 8,361-8,380 of 9,230 for speaker:Jack Chambers

Written Answers — Department of Finance: Charitable and Voluntary Organisations (26 Sep 2024)

Jack Chambers: In advance of the Budget, as Minister for Finance I receive a large number of pre-budget submissions on a wide range of issues. All submissions are acknowledged by my Department on receipt. I can confirm the pre-Budget submission to which the Deputy refers was received and an acknowledgment issued on Monday, 23 September 2024. The contents will be considered in the context of the...

Written Answers — Department of Finance: Insurance Industry (26 Sep 2024)

Jack Chambers: At the outset, I wish to reassure the Deputy that I recognise the concerns felt by many thatched property owners across the country around the cost and availability of insurance cover for their properties. However, it is important to note that neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products. I can assure the Deputy that this...

Written Answers — Department of Finance: Tax Code (26 Sep 2024)

Jack Chambers: The age exemption applies for any year of assessment where an individual is aged 65 years or over and his or her total income does not exceed €18,000 per annum. Where an individual is a married person or civil partner and is jointly assessed to tax, the age exemption will apply where either individual is aged 65 or over and where the couple’s total income does not exceed...

Written Answers — Department of Finance: Tax Code (26 Sep 2024)

Jack Chambers: Overall, the policy objective for tax relief on pension contributions is to encourage individuals to save for retirement; to help meet a targeted level of supplementary pension coverage and income replacement; and to assist in preventing an over-reliance on State support for citizens in later life. Accordingly, pensions already have their own special treatment within the tax system to...

Written Answers — Department of Finance: Departmental Policies (26 Sep 2024)

Jack Chambers: I propose to take Questions Nos. 131, 132 and 136 together. Ireland’s equity markets are diverse encompassing both public and private equity market participants and a wider ecosystem which includes a large number of professional services firms. It is clear that public equity markets in Europe, including Ireland, have been facing significant challenges over the last decade due to a...

Written Answers — Department of Finance: Tax Code (26 Sep 2024)

Jack Chambers: Capital Gains Tax (‘CGT’) Retirement Relief applies to gains arising on the disposal of qualifying business or farming assets which are relieved from CGT where the person disposing of the asset(s) is aged 55 or over and both owned and used the asset(s) for the ten years prior to the disposal. The relief may apply on the transfer of business or farming assets within the family,...

Written Answers — Department of Finance: Budget 2025 (26 Sep 2024)

Jack Chambers: Each year since 2009, Revenue, in conjunction with the ’s National Tobacco Control Office, has commissioned Ipsos MRBI to conduct independent market research among smokers about the source of their cigarettes. The survey is an independent research study into illegal tobacco products behaviour patterns, the purpose of which is to estimate the volume of non-Irish duty paid cigarettes...

Written Answers — Department of Finance: Budget 2025 (26 Sep 2024)

Jack Chambers: In coming to a decision on any policy matter I will of course take all strands of relevant considerations into account including impacts on public health, the environment, social impacts and the exchequer. However, as the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the budget, on any tax matters that might be subject to...

Written Answers — Department of Finance: Economic Policy (26 Sep 2024)

Jack Chambers: The Capital Markets Union (CMU) is a project which aims to deepen and further integrate Europe’s capital markets, support growth and enhance the resilience of the financial system. For Ireland, CMU has the potential to widen the sources of available funding for our companies as well as provide opportunities for our export-oriented financial services sector to contribute to a more...

Written Answers — Department of Finance: Tax Code (26 Sep 2024)

Jack Chambers: I note the Deputy's query regarding the eight-year deemed disposal and it's impact on investors. Finance Act 2006 introduced the eight-year deemed disposal for all investments that benefit from gross roll-up: that is, investments in Irish funds, investments in life policies and investments in offshore funds that were similar to Irish funds. The eight-year deemed disposal was introduced...

Written Answers — Department of Finance: Ministerial Staff (26 Sep 2024)

Jack Chambers: I wish to inform the Deputy that the details of all Special Advisors during my period in office as the Minister for Finance are set out in the Table below: Role Equivalent Grade Point on Scale Duration Special Advisor to the Minister for Finance (Minister Jack Chambers, T.D.) Principal Officer 4 26/06/2024 - present ...

Written Answers — Department of Finance: Housing Schemes (26 Sep 2024)

Jack Chambers: 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. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in the legislation. HTB, as provided for by section 477C of the Taxes Consolidation Act...

Written Answers — Department of Finance: State Bodies (26 Sep 2024)

Jack Chambers: The Irish Fiscal Advisory Council ("the Council") was first set up on a non-statutory basis as part of the reform of Ireland’s budgetary architecture in 2011. It was established in law the following year, with the enactment of the Fiscal Responsibility Act 2012. The Irish Fiscal Advisory Council ("the Council") is an independent statutory body. The Council makes a valuable...

Written Answers — Department of Finance: Tax Data (26 Sep 2024)

Jack Chambers: I am advised by Revenue that the number of taxpayer units broken down by income range can be found in Revenue’s ‘Income Tax Distributions Interactive tables’ publication, available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis tics/income-distributions/stats/Income-Tax-breakdown-by-Gros s-Income.aspx . The statistics run from 2004...

Financial Resolutions 2024 - Budget Statement 2025 (1 Oct 2024)

Jack Chambers: A Cheann Comhairle, is onóir dom é buiséad 2025 a thíolacadh, buiséad deireanach théarma an Rialtais seo, don Teach seo inniu in éineacht le mo chomhghleacaí, an tAire, an Teachta Donohoe. INTRODUCTION When this Government took office in June 2020, we were still dealing with Brexit and in the midst of a global pandemic that was having an...

Financial Resolutions 2024 - Budget Statement 2025 (1 Oct 2024)

Jack Chambers: -----until the end of 2029. PRE-LETTING EXPENSES EXTENSION To continue to help owners of vacant property to bring that accommodation into the rental system, increasing the overall supply of rental accommodation, I am extending the relief for pre-letting expenses for landlords. This means that the relief will continue for a further three years to the end of 2027 in support of Housing for All....

Financial Resolutions 2024 - Budget Statement 2025 (1 Oct 2024)

Jack Chambers: I will introduce a financial resolution on this matter later this evening. MORTGAGE INTEREST RELIEF Mortgage interest tax relief was announced in last year’s budget and provided relief for mortgage holders who experienced increased interest rates in 2023 over 2022. In light of the impact high interest rates continue to have on households, I am extending this relief for one further...

Financial Resolutions 2024 - Budget Statement 2025 (1 Oct 2024)

Jack Chambers: -----with immediate effect. BANK LEVY I will extend the bank levy for a further year, with a target yield of €200 million. It remains appropriate that the sector continues to make a contribution to the Irish economy following the support it received during the financial crisis. STAMP DUTY ON HIGH VALUE RESIDENTIAL PROPERTY I have decided to increase the rate of stamp duty...

Financial Resolutions 2024 - Budget Statement 2025 (1 Oct 2024)

Jack Chambers: -----to part fund a socially progressive national retrofitting and energy efficiency programme, and to encourage and support farmers in the green transition. HEAT PUMPS I have decided to lower the VAT rate charged on the installation of heat pumps from the standard rate at 23% to the 9% reduced rate. This measure will complement the Government's national retrofit plan to transform...

Financial Resolutions 2024 - Budget Statement 2025 (1 Oct 2024)

Jack Chambers: This budget is about the future. It reflects a commitment and resolve to responsible politics, economic resilience and a fairer society ensuring that together we can build a prosperous future imbued with optimism and hope. I believe budget 2025 provides the ways and means for continuing to deliver many more, bright and hopeful days for us all. All this, and more, can be achieved because...