Written answers

Wednesday, 29 March 2006

11:00 pm

Photo of Brian O'SheaBrian O'Shea (Waterford, Labour)
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Question 176: To ask the Minister for Finance his proposals to increase the tax credit in regard to certain fees paid to private colleges from the present €5,000 maximum relief to cater for parents who are simultaneously paying fees to third level colleges for a number of children pursuing post graduate studies; and if he will make a statement on the matter. [12457/06]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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I have no plans at this time to increase tax relief on fees paid to third level colleges. As the Deputy will be aware, I increased the maximum level at which this tax relief is allowed from €3,175 to €5,000 in budget 2005. Any further increases would be a matter for consideration in the context of future budgets.

The Government has allocated €228 million to student support for 2006, an increase of 6% compared with 2005. In addition, generally speaking there are no tuition fees at full time undergraduate level, which is an effective subsidy to students who would otherwise have to pay some or all of this cost.

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