Results 3,181-3,200 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Banking Sector (18 Apr 2023)

Michael McGrath: The Central Bank has advised me that Mars Capital Ireland no. 2 DAC was first authorised by the Central Bank on 14 April 2022. Mars Capital Ireland no. 2 DAC held a transitional authorisation as a credit servicing firm from 21 April 2019 until it was granted full authorisation on 14 April 2022. It is worth noting that it may be the case that a firm held legal title to credit prior...

Written Answers — Department of Finance: Interest Rates (18 Apr 2023)

Michael McGrath: The formulation and implementation of monetary policy is an independent matter for the European Central Bank (ECB). As the Deputy is aware, the ECB has increased official interest rates over recent months as it attempts to combat inflation.  The level of official interest rates will influence the overall level of interest rates throughout the economy.  However, the...

Written Answers — Department of Finance: Interest Rates (18 Apr 2023)

Michael McGrath: I propose to take Questions Nos. 425, 426 and 427 together. The formulation and implementation of monetary policy is an independent matter for the European Central Bank (ECB). As the Deputy is aware, the ECB has increased official interest rates over recent months as it attempts to combat inflation.  The level of official interest rates will influence the overall level of interest...

Written Answers — Department of Finance: Departmental Bodies (18 Apr 2023)

Michael McGrath: To 31 December 2022, HBFI has approved 99 facilities across 21 counties.  HBFI publishes regular updates on its funding to date on its website at www.hbfi.ie/data-protection-notice/about-hbfi/hbfi-data A summary of number of facilities approved by county, including by tenure, is provided below: Location of Approved Units PRS Part V Social & ...

Written Answers — Department of Finance: Tax Code (30 Mar 2023)

Michael McGrath: The position is that where a couple is cohabiting, rather than married or in a civil partnership, they are treated as separate and unconnected individuals for the purposes of income tax. Each partner is a separate entity for tax purposes, therefore, cohabiting couples cannot file joint assessment tax returns or share their tax credits and tax bands in the same manner as married couples. ...

Written Answers — Department of Finance: Tax Code (30 Mar 2023)

Michael McGrath: Stamp duty on the sale of residential properties such as apartments and houses is chargeable at the rate of 1% where the consideration does not exceed €1 million. Where the consideration exceeds €1 million, stamp duty is chargeable at 1% on the first €1 million and 2% on the balance. Stamp duty at the rate of 7.5% applies to the sale of non-residential land, which...

Written Answers — Department of Finance: Vacant Properties (30 Mar 2023)

Michael McGrath: I propose to take Questions Nos. 132, 134 and 135 together. Government policy on measures to promote the utilisation of vacant or derelict property for the purposes of home ownership is a matter for the Minister for Housing, Local Government and Heritage. As the Deputy is aware, his Department has put in place the Croí Cónnaithe scheme which can provide financial assistance to...

Written Answers — Department of Finance: Housing Provision (30 Mar 2023)

Michael McGrath: The Living City Initiative (LCI) (provided for in Finance Act 2013 and commenced on 5 May 2015) is a tax incentive aimed at the regeneration of the historic inner cities of Dublin, Cork, Galway, Kilkenny, Limerick and Waterford. The scheme provides income or corporation tax relief for qualifying expenditure incurred in refurbishing/converting qualifying buildings which are located within...

Written Answers — Department of Finance: Construction Industry (30 Mar 2023)

Michael McGrath: Profits arising from construction trade activities are taxed in the same manner as other trades. Income tax or corporation tax (as the case may be) is charged under Schedule D Case I for each year of assessment on the annual profits or gains of the construction trade carried on by a person. Relief for certain capital expenditure is given by way of capital allowances. Expenditure which is...

Written Answers — Department of Finance: Business Supports (30 Mar 2023)

Michael McGrath: The Temporary Business Energy Support Scheme (TBESS) was introduced to support qualifying businesses with increases in their electricity or natural gas costs over the winter months. Details of the scheme are set out in Finance Act 2022. The scheme provides support to qualifying businesses in respect of energy costs relating to the period from 1 September 2022 to 30 April 2023. However,...

Written Answers — Department of Finance: Departmental Reviews (30 Mar 2023)

Michael McGrath: As the Deputy may be aware, as part of his Budget 2023 speech, my predecessor announced the intention to establish a working group to consider the taxation of funds, life assurance policies and other investment products as well as commencing a review of specified institutional investment regimes. My officials have been working through the specific detail on the parameters of such a review...

Written Answers — Department of Finance: Housing Provision (30 Mar 2023)

Michael McGrath: The Irish funding landscape has undergone significant change since the Global Financial Crisis in 2008. In order to address the current imbalance between supply and demand of housing across all tenure types, the Government's Housing for All plan aims to significantly increase the supply of housing to an average of 33,000 per year over the next decade. This is an ambitious plan which will...

Confidence in Government: Motion (29 Mar 2023)

Michael McGrath: I listened for more than 20 minutes to the Opposition Deputies speaking earlier and I did not hear any new ideas. I heard no positivity. All I heard was 20 minutes of negativity, bitterness and, particularly from Sinn Féin, a personalised diatribe towards the Minister for Housing, Local Government and Heritage which will do absolutely nothing to provide a home for a single family in...

Confidence in Government: Motion (29 Mar 2023)

Michael McGrath: The truth is this Government is now the biggest developer of housing in the State.

Confidence in Government: Motion (29 Mar 2023)

Michael McGrath: We might look at the range of schemes the Minister has brought forward in the past couple of years in particular. We had the first home scheme. We have a new Croí Cónaithe scheme. He has introduced affordable purchase again in this country. We now have cost rental up and running for the first time ever. We have the Land Development Agency, LDA, on a statutory footing, on site,...

Confidence in Government: Motion (29 Mar 2023)

Michael McGrath: That is evidenced by the fact our population has grown by approximately 360,000 people from the census in 2016 to 2022. Much of that has been by net inward migration. It is not the basket case Deputy Ó Broin consistently portrays it to be.

Confidence in Government: Motion (29 Mar 2023)

Michael McGrath: Ireland is an attractive place where people want to come to live, work and rear a family and we never hear any acknowledgment of any of that from any Deputies on the other side of the House.

Confidence in Government: Motion (29 Mar 2023)

Michael McGrath: We have an economy in this country-----

Confidence in Government: Motion (29 Mar 2023)

Michael McGrath: -----that is attracting people to Ireland. A record number of people are working in Ireland today. The figure is almost 2.6 million people, which is the highest number at any point in the history of our country. We have public finances that have been well-run. For the first time in our history, financial constraint is no longer the inhibitor of developing housing.

Confidence in Government: Motion (29 Mar 2023)

Michael McGrath: The reality is that it is about capacity-----