Written answers

Wednesday, 16 November 2005

9:00 pm

Photo of Marian HarkinMarian Harkin (Sligo-Leitrim, Independent)
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Question 231: To ask the Minister for Finance if he has made a decision regarding the extension of the closing date for property based tax incentive schemes. [34774/05]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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In budget 2005, I announced that my Department and the Office of the Revenue Commissioners would be undertaking a detailed review of certain tax incentive schemes and tax exemptions in 2005. Two external consultancy firms have been examining the area-based and sectoral property tax incentive schemes. The review also involves the examination by my Department and the Revenue Commissioners of certain other tax reliefs and exemptions, especially if these may be used by high earners to reduce their tax bills.

The final reports from the consultants have been received by my Department and the findings from these reports will be taken into consideration in the context of the 2006 budget and Finance Bill.

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