Results 22,341-22,360 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Stamp Duty (19 Oct 2017)

Paschal Donohoe: In my Budget 2018 statement I announced an increase in the stamp duty rate for all non-residential property transactions, including agricultural land, from 2% to 6%. On the recommendation of the Minister for Agriculture, Food and the Marine I also extended consanguinity relief for another 3 years and provided that the stamp duty rate applying under that scheme will be fixed at 1%....

Written Answers — Department of Finance: Bank Debt Restructuring (19 Oct 2017)

Paschal Donohoe: As the Deputy is aware, the relationship between the Minister for Finance and banks in which the State is a shareholder is governed by Relationship Frameworks, which can be found on my Department's website. In accordance with these Relationship Frameworks, I as Minister for Finance have no direct function in commercial decisions made by the banks, these decisions are...

Written Answers — Department of Finance: NAMA Loan Offers (19 Oct 2017)

Paschal Donohoe: I am advised by NAMA that its lending terms are in line with those available on the open market. The interest rates charged on loans advanced by the Agency typically comprise a margin over Euribor. Some facilities are by reference to the margin NAMA inherited from the participating institution. Typically however, the margin is determined by reference to the risk characteristics of each...

Written Answers — Department of Finance: Stamp Duty (18 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 86 and 89 together. In my Budget 2018 statement I announced an increase in the stamp duty rate for all non-residential property transactions, including agricultural land, from 2% to 6%. On the recommendation of the Minister for Agriculture, Food and the Marine I also extended consanguinity relief for another 3 years and provided that the stamp duty rate...

Written Answers — Department of Finance: Tax Code (18 Oct 2017)

Paschal Donohoe: I am advised by Revenue that section 86 of the Capital Acquisitions Tax Consolidation Act 2003 provides an exemption from capital acquisitions tax on the inheritance or gift of a dwelling house in certain circumstances. One of the qualifying conditions for the dwelling house exemption is that the beneficiary does not have an interest in another dwelling house when he or she claims the...

Written Answers — Department of Finance: Budget Measures (18 Oct 2017)

Paschal Donohoe: Following the recommendation of the Low Pay Commission, the national minimum wage will increase from €9.25 per hour to €9.55 per hour in 2018. For an individual working full-time on the minimum wage (i.e. 39 hours per week), this should result in an increase to gross income of €608 per annum. A single person on the current minimum wage, i.e. with annual employment...

Written Answers — Department of Finance: National Debt (18 Oct 2017)

Paschal Donohoe: As I have already explained in my written answer to parliamentary question 42703/17, the Social Housing Current Expenditure Programme provides a means whereby properties can be built or bought by Approved Housing Bodies (AHBs) with the combined use of State and private funding, and leased by AHBs and Local Authorities from private providers, for the provision of social housing....

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (18 Oct 2017)

Paschal Donohoe: The Help to Buy initiative is available to persons who have not previously owned, or part-owned, a dwelling. I am advised by Revenue that the ownership of purely agricultural land that does not include a dwelling would not preclude a person, who otherwise meets the qualifying criteria, from availing of the scheme. Comprehensive details of the operation of the Help to Buy are...

Written Answers — Department of Finance: Pension Provisions (18 Oct 2017)

Paschal Donohoe: I am advised by Revenue that an individual in a defined contribution pension savings arrangement has the option, on retirement, of putting the funds accumulated under the arrangement into an Approved Retirement Fund (ARF), subject to conditions. Where such an individual is under the age of 75 at the time of exercising the option and does not meet the requirement of having a minimum...

Written Answers — Department of Public Expenditure and Reform: Equality Proofing of Budgets (18 Oct 2017)

Paschal Donohoe: The paper 'Equality Budgeting: Proposed Next Steps in Ireland' was published alongside Budget 2018. The paper is the policy document which provides an overview of the concept of equality budgeting, the progress made in integrating equality budgeting into expenditure management and the estimates process, and the proposed next steps for the introduction of equality budgeting in Ireland. The...

Written Answers — Department of Finance: Film Industry Tax Reliefs (17 Oct 2017)

Paschal Donohoe: As a tax expenditure of the Taxes Consolidation Act 1997, Section 481 is subject to the requirements of the Department of Finance tax expenditure guidelines. The Tax Expenditure Guidelines can be found at:. As a requirement under the guidelines, reliefs such as section 481 are required to be reviewed periodically. A full ex post analysis and review of section 481 will be...

Written Answers — Department of Finance: Tax Code (17 Oct 2017)

Paschal Donohoe: Hypothecation of revenue receipts is not a feature of the Irish tax system in general as it reduces the flexibility of the Government to prioritise and allocate funds as necessary at a particular time. The Department of Communications, Climate Action and Environment receive an annual budget as part of the estimates process which they allocate according to the priorities within that...

Written Answers — Department of Finance: Vehicle Registration Data (17 Oct 2017)

Paschal Donohoe: I am advised by Revenue that the used cars registered for Vehicle Registration Tax that were imported from the United Kingdom in 2015, 2016 and for the period January to September 2017 are as follows. Year Imports 2015 45,454 2016 69,571 2017 (9 Months) 69,439 There has been a noticeable increase in these imports since the devaluation of sterling with a 53% increase in 2016 over the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (17 Oct 2017)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers Scheme provides relief from VAT and Vehicle Registration Tax, an exemption from motor tax and a grant in respect of fuel expenditure, on the purchase of an adapted car for transport of a permanently and severely disabled person within the terms of the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994. The...

Written Answers — Department of Finance: Stamp Duty (17 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 116, 135 and 142 together. In my Budget 2018 statement I announced an increase in the stamp duty rate for all non-residential property transactions, including agricultural land, from 2% to 6%. On the recommendation of the Minister for Agriculture, Food and the Marine I also extended consanguinity relief for another 3 years and provided that the stamp duty...

Written Answers — Department of Finance: Land Transfers (17 Oct 2017)

Paschal Donohoe: I am advised by Revenue that section 89 of the Capital Acquisitions Tax Consolidation Act (CATCA) 2003 provides for agricultural relief. The relief takes the form of a 90% reduction in the taxable value of gifted or inherited agricultural property. To qualify for the relief, the person taking the gift or inheritance (the 'beneficiary') of the agricultural property must first qualify as...

Written Answers — Department of Finance: NAMA Social Housing Provision (17 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 118 and 119 together. In my Budget speech on 10 October 2017 I announced a proposal to establish a new dedicated fund, Home Building Finance Ireland (‘HBFI’) which will be designed to increase the availability of debt funding to developers willing to build viable residential development projects. Up to €750 million of ISIF funds will...

Written Answers — Department of Finance: Electric Vehicles (17 Oct 2017)

Paschal Donohoe: The registration of electric vehicles is provided for in the Finance Act 1992, section 135C(3)(b). This section provides for a VRT relief of up to €5,000 on passenger cars, vans and other light commercials. The VRT relief does not apply to other vans and heavier commercials that are taxed at the flat VRT rate of €200 per vehicle. Further information is available on the Revenue...

Written Answers — Department of Finance: Tax Data (17 Oct 2017)

Paschal Donohoe: I am advised by Revenue that the carbon tax collected on an annual basis in the years 2010 to 2016 is available on the Revenue's statistics website at: .

Written Answers — Department of Finance: Departmental Bodies Data (17 Oct 2017)

Paschal Donohoe: The following bodies are under the aegis of my Department: Office of the Comptroller & Auditor General Central Bank Credit Review Office Credit Union Advisory Committee Credit Union Restructuring Board Disabled Drivers Medical Board of Appeal Financial Services Ombudsman Bureau Financial Services Ombudsman Council Investor Compensation Company Limited Irish Bank Resolution...