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Written Answers — Department of Health: Hospital Appointments Status (15 Nov 2022)

Pearse Doherty: 538. To ask the Minister for Health when a rescheduled date for ENT procedures at Our Lady's Children's Hospital, Crumlin will be given for a child (details supplied) in County Donegal; the reason for the cancellation; and if he will make a statement on the matter. [56337/22]

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I wish to signal my intention to table two amendments on Report Stage. One will relate to the ability for farm contractors to claim a tax deduction in respect of farm diesel. This is something I have raised on numerous occasions with the Minister, as has my colleague, Deputy Carthy. The second amendment will relate to excise applied to agri-diesel for the year 2023. With regard to the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: May I ask two questions about section 25?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: The timeline in respect of the definition of vacant premises is being reduced from 12 to six months, but the specified period in which the works can be carried out remains at 12 months. Will the Minister clarify that? The Minister is nodding his head. I am jumping ahead of myself, but there is an amendment relating to retrofitting of rental properties. Will the Minister clarify that in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: That is after the works have been carried out. This section does not alter the recoupment, but the existing section says that the pre-letting expense is applicable. If the home does not remain within the rental market, it can be recouped within four years. Why are we allowing two years for something that would be far more expensive in respect of expenditure or tax forgone for the State? I...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: A hundred per cent.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: That is fine.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: This is the amendment I was talking about in terms of the two years versus the four years. I would have expected some consistency in recoupment of the pre-letting expenses and the SEAI grant. I have a general question to start. Things a landlord would do to improve the premises would be deductible anyway. What is the difference here? Is it the timeframe that is applicable or what is the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: We can come back to it later on.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I thank the Minister for clarifying that landlords would be entitled to it anyway and it is just a change to the timeframe within which they may draw down the benefit in terms of making the outlay. Do the works need to be completed by the end of 2025?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: Will that not be challenging given the two-year waiting list for these schemes already? The SEAI already says that from application to grant will take two years. As the clock starts to tick, will landlords do this because they cannot benefit if they do not have it drawn down in time and one of the big problems is the delay in getting the grant?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: The problem will not be in the years ahead. Within a number of months, there will nearly be a disincentive for landlords to apply for this. The SEAI has said that from application to grant takes two years. The Minister is right in saying that in certain areas it will be much worse. Two years is the average. If the Minister is creating an incentive, he should create an incentive. This...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I will come back on that issue of the two and four years. It should apply but we will come back on that, maybe on Report Stage.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I have no problem with this section. It is something I raised on Committee Stage of the Investment Limited Partnerships (Amendment) Bill 2019. I made the point that there was no requirement to make annual returns or financial statements on exempt unit trusts and investment limited partnerships, so I welcome the inclusion of this in the Bill before us and I support this section.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I move amendment No. 48: In page 77, after line 32, to insert the following: “Report on the tax treatment and economic impact of institutional investment in the housing market 31.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the tax treatment and economic impact of institutional investors and corporate...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: First, the Minister is now initiating a review we have been calling for for years. Second, the role these institutions are playing in new apartments being built is that they are purchasing the apartments. They are not just funding them. Both forward funding and forward purchasing exist, and what is happening in Ireland is the latter. These institutions are going into a contract and saying...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: Fine Gael has been in Government for 12 years.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: Seriously. It is very hard to sit here and listen to this shit.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: It has been 12 years.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: The Minister has some neck. They are in Sydney because of his policies. He has some neck.

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