Seanad debates
Wednesday, 5 December 2018
Finance Bill 2018: Committee Stage
10:30 am
Kieran O'Donnell (Fine Gael) | Oireachtas source
By way of observation, we could have an unintended consequence with this measure in that it may bring about an increase in rents. If one is giving tax relief one may find it being exploited with rents being increased. Furthermore, the supply issue is the key one in dealing with rents. The whole issue of rent pressure zones is an evolving one that has to be reviewed on an ongoing basis to see if it is working and if we need to make changes. The Senator's proposed measure may have the unintended consequences of driving up rents.
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