Results 1-20 of 320 for nama speaker:Michael McGrath

Written Answers — Department of Finance: State Properties (25 Apr 2024)

Michael McGrath: I wish to advise the Deputy that, NAMA does not own properties. On establishment, NAMA acquired loans from participating institutions for which properties act/acted as security. NAMA’s portfolio has been significantly deleveraged and its remaining secured property portfolio is largely concentrated in the residential development land sector and not individual property units. NARPS...

Written Answers — Department of Finance: Departmental Staff (20 Mar 2024)

Michael McGrath: ...Delivery and Reform. The National Treasury Management Agency (NTMA), which has not implemented any redundancies since 2018, has provided the information in relation to the National Asset Management Agency (NAMA) as it assigns staff to that State Agency. NAMA, which is in wind down, has operated a redundancy scheme comprising redundancy payments and a retention payment since 2015. This...

Written Answers — Department of Finance: State Bodies (20 Mar 2024)

Michael McGrath: As the Deputy is aware, National Asset Residential Property Services (NARPS) was created by NAMA to acquire housing units for onward long term lease to Approved Housing Bodies and Local Authorities. Following a review of NAMA in 2019, as required under Section 227 of the NAMA Act, NAMA was directed by my predecessor to retain NARPS and its portfolio of 1,366 residential properties in...

Written Answers — Department of Finance: Departmental Staff (6 Mar 2024)

Michael McGrath: ...Delivery and Reform. Any redundancies implemented in the timeline specified were within the terms set by the Department of Public Expenditure NDP Delivery and Reform. The National Asset Management Agency (NAMA), which is in wind down, has operated a redundancy scheme comprising redundancy payments and a retention payment since 2015. This scheme has been approved by the Minister for Finance...

Written Answers — Department of Finance: Departmental Properties (5 Mar 2024)

Michael McGrath: ...is provided with accommodation by the OPW. The Department does not pay ground rent. In relation to the bodies under the aegis of my Department, the National Asset Management Agency (NAMA) has advised as follows: Year Property Landlord Amount payable 2016 to date ...

Written Answers — Department of Finance: Data Centres (27 Feb 2024)

Michael McGrath: ...Council as this may pose potential operational and security risks. The National Treasury Management Agency (NTMA) provides business, support services and systems to the National Asset Management Agency (NAMA), the Strategic Banking Corporation of Ireland (SBCI) and Home Building Finance Ireland (HBFI). Information and communications technology (ICT) services are one such service...

Written Answers — Department of Finance: National Asset Management Agency (20 Feb 2024)

Michael McGrath: I wish to advise the Deputy that NAMA does not typically own or control properties; rather NAMA owns loans for which the properties act as security. The properties securing NAMA’s loans are owned and controlled by their registered owners or appointed receivers in the case of enforcement. By virtue of Sections 99 and 202 of the NAMA Act, NAMA is legally precluded from disclosing...

Written Answers — Department of Finance: National Asset Management Agency (13 Feb 2024)

Michael McGrath: As the Deputy may be aware, NAMA does not typically own or control properties; rather NAMA owns loans for which properties act as security. The properties securing NAMA’s loans are owned and controlled by their registered owners, or appointed receivers in the case of enforcement, and these parties are responsible for the sale of secured properties. I am advised that NAMA retains a...

Written Answers — Department of Finance: Site Acquisitions (23 Jan 2024)

Michael McGrath: NAMA has advised that all information relating to the site sales process and the associated timeline is a matter for the appointed Receiver (details supplied) who is responsible for the management and sale of the site or for the Department of Education, who is a party to the draft contract. NAMA’s role is simply that of a secured lender. Details supplied: Kieran Curtin, HWBC.

Written Answers — Department of Finance: National Asset Management Agency (17 Jan 2024)

Michael McGrath: As the Deputy may be aware, NAMA does not typically own or control properties; rather NAMA owns loans for which the properties act as security. The properties securing NAMA’s loans are owned and controlled by their registered owners or appointed receivers in the case of enforcement. I wish to advise the Deputy that by virtue of Sections 99 and 202 of the NAMA Act, NAMA is legally...

Written Answers — Department of Finance: Site Acquisitions (17 Jan 2024)

Michael McGrath: I have raised this matter with NAMA and have been advised that the appointed Receiver over this site has advanced a draft contract for sale with the Department of Education which is currently under negotiation. The site is zoned for community and education purposes, and it is understood that the Department intends providing a school campus on these lands.

Written Answers — Department of Finance: Appointments to State Boards (14 Dec 2023)

Michael McGrath: ...2011 to 29 June 2013 2020 -Seamus Coffey from 01 January 2016 to 31 December 2019 -Professor Alan Barrett from 30 June 2011 to 25 May 2015 -Dr Adele Bergin from 01 January 2021 to 31 December 2024 The National Asset Management Agency (NAMA) had one public servant serving on its board. A National Treasury Management Agency (NTMA) employee, John Mulcahy, assigned to NAMA at Executive level,...

Written Answers — Department of Finance: Housing Policy (14 Dec 2023)

Michael McGrath: As the Deputy is aware, NARPS was created by NAMA to acquire housing units for long term lease to Approved Housing Bodies and Local Authorities. Following a review of NAMA in 2019, as required under Section 227 of the NAMA Act, NAMA was directed to retain NARPS in permanent state ownership. ‘Housing for All’ includes a commitment to agree the process for the transfer of...

Written Answers — Department of Finance: State Bodies (24 Oct 2023)

Michael McGrath: ...Appeals Tribunal registrar@ifsat.ie Irish Fiscal Advisory Council oireachtas.queries@fiscalcouncil.ie National Asset Management Agency oir@nama.ie National Treasury Management Agency Oireachtasquery@ntma.ie Office of the Revenue Commissioners chairmansoffice@revenue.ie ...

Written Answers — Department of Finance: Departmental Properties (10 Oct 2023)

Michael McGrath: My Department does not own buildings or land in County Clare. In relation to the bodies under the aegis of my Department, the National Asset Management Agency (NAMA) advises that it owns loans and does not own properties. NAMA has confirmed that the Agency no longer has security over any property in Co. Clare. NAMA also advises that National Asset Residential Property Services owns a total...

Written Answers — Department of Finance: Departmental Bodies (21 Sep 2023)

Michael McGrath: ...reimbursed 2022 €2,635 Professional Subscriptions reimbursed. Professional Subscriptions reimbursed and electric car charger* *No reimursement of electricity is sought or claimed by the NAMA CEO from the NTMA in respect of car charging. National Asset Management Agency 2023 to date 0 N/A ...

Written Answers — Department of Finance: Tax Code (20 Sep 2023)

Michael McGrath: For a number of years following the economic crash, there was a restriction on the use of losses carried forward by NAMA-participating institutions (AIB, Bank of Ireland (BOI), Anglo Irish Bank, Irish Nationwide Building Society and the Educational Building Society (EBS)), such that losses could be used to shelter only 50% of taxable profits in any given year, with any restricted amounts...

Written Answers — Department of Finance: Tax Yield (13 Jul 2023)

Michael McGrath: .... I am advised by Revenue that the estimated revenue which could be raised by introducing a 25 percent and 50 percent cap, respectively, on corporation tax loss relief utilised in a single year by NAMA-participating banks and by all banks would be dependent on future profitability, and therefore cannot be estimated. Information can be provided in respect of the years 2019 to 2021 (the...

Written Answers — Department of Finance: National Asset Management Agency (13 Jul 2023)

Michael McGrath: ...Page 295 Bank of Ireland €989 million Page 277 For a number of years following the economic crash, there was a restriction on the use of losses carried forward by NAMA-participating institutions (AIB, Bank of Ireland (BOI), Anglo Irish Bank, Irish Nationwide Building Society and the Educational Building Society (EBS)), such that losses could...

Written Answers — Department of Finance: State Bodies (5 Jul 2023)

Michael McGrath: ...in the 2022 benefits below. 2020: €24,0002021: €27,000 (3,000 for Nick Ashmore, €17,000 for Ian Black, €7,000 for June Butler)2022: €52,000 2023 to date: €13,000 Tax Appeals Commission –Chairperson €91,589-(Commenced employment on 1 July 2020) €186,626 €195,256 ...