Results 2,221-2,240 of 27,019 for speaker:Michael Noonan

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: This is technical in nature. I am getting a note on it to make sure I am precise in the language I use.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: Yes, but the common factor is that they would be houses that have not been lived in.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: Supply is once they are lived in.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I will get a note on this. I want to make sure the correct technical note is on the record. Amendment No. 19 changes the scheme so that if rebuilding is partly constructed, it will qualify. Otherwise ghost estates, etc., would not qualify.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: Once it is completed, yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: If it has never been lived in, yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: Once it has been lived in, it is second-hand. If it has not been lived in, it increases supply of available homes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 20:In page 10, line 28, after “are” to insert “constructed or”. We are reaching back to the announcement on 19 July. We need the word "constructed" in there.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: No.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 23:In page 11, to delete lines 35 to 41, and in page 12, to delete line 1 and substitute the following:“(i) in the first instance as a refund of income tax paid by the claimant in respect of the earliest relevant tax year and followed by each succeeding relevant tax year, and (ii) thereafter as a refund of the amount of appropriate tax paid by the claimant in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 24:In page 12, to delete lines 12 to 19 and substitute the following:“(ii) where the individual is a chargeable person within the meaning of Part 41A or, as appropriate, Part 41 for a tax year within the 4 tax years immediately preceding the year in which the application is made, he or she has complied with the requirements of that Part or, as appropriate, those...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 25:In page 12, to delete lines 20 to 27 and substitute the following:"(iii) where the individual is not a chargeable person within the meaning of Part 41A or, as appropriate, Part 41 for a relevant tax year, he or she has made a return of income, in such form as the Revenue Commissioners may require, and has paid the amount of income tax payable and of universal social...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 26:In page 12, line 28, before “he” to insert “in the case of an individual to which subparagraph (ii) refers,”. Amendment No. 26 introduces a revision to the tax clearance requirement on applicants. The obligation to have a tax clearance certificate will only apply to self-assessed taxpayers.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 27:In page 12, to delete lines 31 to 36. This involves the deletion of paragraph (c), which is no longer necessary, given the fact that taxpayers will now be able to select the valuation years from which they wish to have the refund taken under the previous amendments.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 28:In page 12, line 37, to delete “(d) Where” and substitute “(c) Where”. This is consequential on the amendment that we just agreed. It renames paragraph (d) in view of the deletion of paragraph (c).

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 29:In page 12, line 42, to delete “(5)(a)(i) and (6)(b)(i) and (ii)” and substitute “(5)(a)(ii) and (6) (b)(ii) and (iii)”. This corrects references.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 30:In page 13, to delete lines 1 to 18 and substitute the following:“(a) (i) an individual may elect to be deemed to have made his or her application under subsection (6) in the tax year 2016 where, in the period commencing on 19 July 2016 and ending on 31 December 2016, a contract referred to in subsection (3)(a) is entered into between the applicant and a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 35:In page 13, between lines 34 and 35, to insert the following:“(c) No claim may be made on foot of an application which ceases to be valid in accordance with paragraph (a).”. This inserts a new paragraph (c) into subsection (8), which deals with the validity of applications and when they cease to be valid. An amendment is necessary to make it clear that...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 41:In page 16, line 31, after “shall” to insert “notify the Revenue Commissioners and”. This introduces a minor revision to subsection (17). This subsection sets out the clawback provisions that will apply where a claimant ceases to occupy a qualifying residence within a five-year period. The amendment simply adds an obligation on a claimant...