Results 341-360 of 16,537 for speaker:Brian Lenihan Jnr
- Written Answers — Tax Code: Tax Code (13 Jan 2011)
Brian Lenihan Jnr: I announced in Budget 2011 a major reform of the charge to Stamp Duty on residential property transactions, which applies to all instruments executed on or after 8 December 2010. These changes have simplified the system by lowering the rates applicable and abolishing a number of exemptions and reliefs. The changes in rates are as follows: Stamp Duty rates on transfers of residential...
- Written Answers — Tax Code: Tax Code (13 Jan 2011)
Brian Lenihan Jnr: I propose to take Questions Nos. 93 to 95, inclusive, together. I have received submissions from industry groups and professional bodies and my officials have met with a broad spectrum of stakeholders including the Irish Taxation Institute, Irish Hotels Federation, Construction Industry Federation, Irish Property Owners' Association, Irish Auctioneers and Valuers Institute and Society of...
- Written Answers — Ministerial Appointments: Ministerial Appointments (13 Jan 2011)
Brian Lenihan Jnr: The information requested by the Deputy is as follows: Mr Ultan Herr was appointed to the Decentralisation Implementation Group (DIG) on 26 November 2007 for a period of 2 years. Although he continued to serve on the DIG, due to an oversight, the extension of his membership was not formally approved until 17 December 2010 when his membership was extended until the end of 2011 or the...
- Written Answers — EU Budget: EU Budget (13 Jan 2011)
Brian Lenihan Jnr: Ireland's contribution to the EU Budget is a charge on the Central Fund under the European Communities legislation. It is a requirement of our membership of the Union through the Treaties and related legislation. As the contribution is an obligation of EU membership, there are provisions for sanction of a Member State that does not fulfil these obligations. There have not been any...
- Written Answers — Tax Code: Tax Code (13 Jan 2011)
Brian Lenihan Jnr: I am assuming the Deputy is referring to the tax-free thresholds for Capital Acquisitions Tax. Assuming the enactment of the changes to these thresholds announced in the 2011 Budget I am advised by the Revenue Commissioners that the estimated full year gains to the Exchequer from reducing the Group A and Group B thresholds for Capital Acquisitions Tax by the stated amounts would be of the...
- Written Answers — Tax Code: Tax Code (13 Jan 2011)
Brian Lenihan Jnr: The position is that having an entitlement to a medical card will not exempt an individual from the Universal Social Charge (USC). However, it should be noted that payments from the Department of Social Protection such as job seeker's benefit, job seeker's allowance and the contributory and non-contributory State pension will be exempt from the USC. Therefore, the Universal Social Charge...
- Written Answers — Prize Bonds: Prize Bonds (13 Jan 2011)
Brian Lenihan Jnr: The Prize Bond scheme has been running since March 1957. Prize Bonds are part of the range of State Savings products offered by the National Treasury Management Agency (NTMA) to personal savers. All Prize Bond money is placed directly with the Irish State and forms part of the National Debt under the management of the NTMA. The repayment of Prize Bond money and cash prizes is a direct...
- Written Answers — Tax Reliefs: Tax Reliefs (13 Jan 2011)
Brian Lenihan Jnr: I propose to take Questions Nos. 101, 102, 104 and 106 together. I should point out that the phased abolition of property-based tax reliefs announced in the recent Budget relates to both residential and non-residential property. I am informed by the Revenue Commissioners that the latest relevant information available on the tax relief allowable for residential property related tax schemes is...
- Written Answers — Tax Reliefs: Tax Reliefs (13 Jan 2011)
Brian Lenihan Jnr: The level of tax relief investors can claim on the interest for mortgages and loans on residential rental properties was reduced to 75% of the interest accrued from 7th April 2009 under Section 5 of the Finance Act 2009. Applying the reduction in relief to rents from commercial properties would have provided some additional revenue to the Exchequer. However, the mechanisms for rent levels...
- Written Answers — Tax Code: Tax Code (13 Jan 2011)
Brian Lenihan Jnr: As the Deputy is aware, I announced in Budget 2011 a major reform of the charge to Stamp Duty on residential property transactions, which applies to all instruments executed on or after 8 December 2010. These changes have simplified the system by lowering the rates applicable and abolishing a number of exemptions and reliefs. The changes in rates are as follows: Stamp Duty rates on...
- Written Answers — National Asset Management Agency: National Asset Management Agency (13 Jan 2011)
Brian Lenihan Jnr: I am informed that NAMA proposes to increase the number of its staff to 150 from the original staffing target of 100 which has now been achieved. This is due to the fact that the Board of NAMA has decided that a larger number of debtors should be managed directly by the Agency rather than by the participating institutions. In particular, the Agency wishes to manage closely the performance of...
- Priority Questions (12 Jan 2011)
Brian Lenihan Jnr: That is a matter for the Chair.
- Priority Questions (12 Jan 2011)
Brian Lenihan Jnr: The spokesperson is not present so we are on the second question.
- Priority Questions (12 Jan 2011)
Brian Lenihan Jnr: Yes. Very good.
- Banking Sector (12 Jan 2011)
Brian Lenihan Jnr: The board strength of AIB prior to the introduction of the Government guarantee in September 2008 was 15. Only three of those who were in place at that time still remain, all three having joined the board in 2007. Prior to the recent State investment in the bank, the then managing director and executive chairman stepped down from their positions on the board in October and November 2010,...
- Banking Sector (12 Jan 2011)
Brian Lenihan Jnr: As the answer makes clear, in December AIB received a net capital injection of â¬3.7 billion from the National Pensions Reserve Fund as part of its revised capital requirement of â¬9.8 billion, which must be raised by the end of February 2011. That is part of the revised capital requirement. The â¬3.7 billion was in any event a requirement since last March under the original requirement...
- Banking Sector (12 Jan 2011)
Brian Lenihan Jnr: Credit enhancement measures are separate from meeting the capital requirement; they do not arise as part of the answer to the Deputy's question. They are separate initiatives.
- Banking Sector (12 Jan 2011)
Brian Lenihan Jnr: I am trying to answer the question.
- Banking Sector (12 Jan 2011)
Brian Lenihan Jnr: I will endeavour to answer the Deputy's question and she can issue any statement she likes afterwards but I am entitled to answer the questions she asked. To date I have only been able to give partially complete answers because of a lack of time. The Deputy pertinently asked how much actual cash will be required for the proportion of the total capitalisation. It is not possible to fix a...
- Banking Sector (12 Jan 2011)
Brian Lenihan Jnr: I will give Deputy Burton as many figures as possible at this stage.