Results 321-340 of 34,444 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: On the third question, what the Deputy is referring to is, of course, possible but given the maximum available is up to €300,000 for somebody involved in the construction of a commercial property, I am not sure that is enough money to act as an incentive for that kind of behaviour. That would be my judgment on it. However, I can see the point the Deputy is making and I will certainly...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: Of course, I will make it available to the whole committee. Regarding the Deputy's first question, I want to reconfirm that in order for this to be applicable, residential property has to be made available as part of it. I will clarify what I mean by this. The Finance Bill will create a new category of relief which will apply to the part or a full conversion of commercial properties into...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: Bear with me for one moment and I will provide that information. To qualify for it to be commercial, it needs to be rateable before it can be converted.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: I will come back to the Deputy on that.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: I have done my best answer to the questions the Deputy put to me earlier on, in particular the point he put to me regarding the role of developers and the fact they will be able to access that scheme. I have made the case to the Deputy that given the nature of planning regulation in many of these cities, it will be the case that we need to broaden the scheme to allow developers to play a...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: It does.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: It is an estimate regarding the properties that could be included.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: At the moment it is 34,000 and we estimate there will be up to a further 7,000 properties included in the new scheme. That is 41,000 in total.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: The reason we are making these changes is that I am trying to encourage some uptake of the scheme. At the moment, the take-up of the scheme is extremely low. By allowing this to be applicable against a higher number of properties, I am hoping that it will play a larger role in the retrofitting of properties that are rental in nature.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: The number of claims that were made in relation to this scheme was less than ten in the last year we have data available for. There is an exceptionally low drawdown on it at the moment. I am attempting to see if there is a way in which we can have a higher uptake of the scheme than is currently there.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: Another point worth making is that I have been reminded that in the operation of the rent pressure zones, RPZs, having up to three properties is the definition of a small landlord, so it is consistent with that as well.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: We are bringing it in line with normal practice now. It is in line with precedent.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: Yes-----

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: -----that could be the case.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: There are two points in response to what the Deputy said. The information should be made available in a structured way. In recent years, we have aimed to do that through the TSG process that has provided the costs with regard to indexation. On foot of the Deputy's amendment, I will make sure this is done in on a regular basis through the TSG process so that everybody is aware of the costs...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: We give a view but we do not make the decision.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: That is correct.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: Revenue is obviously hearing this exchange and if the information can be obtained, I am sure it will make it available to me. This is an area in which the data and figures we have are not as high as I would want it to be. I am not sure that information is actually going to be available but Revenue will check.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (5 Nov 2025)

Paschal Donohoe: I advise the committee that there is a possibility that I may need to bring forward a consequential amendment to section 28 that relates to the extension of the accelerated capital allowances for slurry storage to remove the commencement provision in this section. This is in the event the European Commission approves the extension of the measure under the agriculture block exemption...