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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: Yes, you do.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: His party's rhetoric and promised policies are part of the reason some landlords are deciding to leave the market. Let us call a spade a spade. The Deputy's policy on the rental sector is to freeze the rents so landlords never get to put the rent back up again. They can never sell the property because he will ban evictions of all forms for however long and he will increase the tax. Sinn...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: It is black and white, I say to the Deputy.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: What is the policy?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: What is it?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: Bogus.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: Can I respond, please?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: The Deputy thinks that by shouting, it adds force to his argument. It actually does not but masks a weakness in his argument. The reality, as I have set out, is that there were 24,000 notices of termination from the third quarter of last year to the third quarter of this year. The number of tenancies registered with the Registered Tenancies Board, RTB, was 313,000 in 2017 and 246,000 in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: I believe that issue has already been addressed.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: It is being looked at but we understand big chunks of that reconciliation. I put a number of them on the record earlier on. The registration of tenancies is with the RTB; it is not with the CSO. Many people who are in the rent-a-room scheme, or are tenants of an approved housing body, AHB, and so on, will declare as such on the census form.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: -----and they should be. That is why we have to support the work of the RTB.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: I am allowed to compare-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: I am allowed to compare-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: Can I clarify whether amendment No. 94 tabled by Deputy O'Callaghan is in order or out of order?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: Okay. We did not have that on our list. I am happy to deal with the issue now at the Chair's discretion. It is not directly relevant to the section.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: Perhaps I can short-circuit the issue by saying that I intend to bring an amendment on Report Stage to address an issue arising in the tax treatment of certain income of GPs which arises from contractual arrangements with the HSE. I can go into more detail if the committee wishes, but essentially that is what I want to flag.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: Yes, in advance of Report Stage, when it is ready, we will share it.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: I thank the Deputy for tabling the amendment. On tax treatment of supplementary pensions, as the Deputy is aware, Ireland operates an exempt-exempt tax, EET, system. This means that contributions to pensions are exempted from income tax, subject to age-related percentage and income limitations, as mentioned earlier. Pension fund gains are exempted from income tax but income from pension...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: I thank the Deputy. I confirm that I intend to undertake an examination of the calibration of the standard fund threshold, to which the Deputy has referred. As the Deputy knows, it sets a limit on the level of contributions that will benefit from tax relief. This examination will include a public consultation - and I am sure the committee will wish to be involved in that work - to allow...

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