Seanad debates
Tuesday, 3 December 2019
Finance Bill 2019: Committee Stage
2:30 pm
Rose Conway Walsh (Sinn Fein) | Oireachtas source
I move recommendation No. 5:
In page 33, between lines 2 and 3, to insert the following: “Report on income tax relief
27.The Minister shall, within 6 months of the passing of this Act, prepare and lay before Dáil Éireann a report on an income tax relief equivalent in value to one month’s rent of an individual available to all renters not already in receipt of any State subsidy examining the social and economic impact of this measure in the context of high levels of rent.”.
This is an important recommendation and relates to our alternative budget. It provides for tax break equal to one month's rent during that period worth €279 million. We are asking for a report on that. This relief existed in the past and we want it reintroduced. We talk about tax reliefs but if tenants who are being crucified by ever-increasing rents cannot have a tax relief, there is something seriously wrong.
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