Written answers
Tuesday, 9 October 2007
Department of Finance
Tax Code
8:00 pm
Deirdre Clune (Cork South Central, Fine Gael)
Link to this: Individually | In context
Question 204: To ask the Tánaiste and Minister for Finance his plans to review the rent a room scheme particularly where it relates to directly related individuals such as siblings; and if he will make a statement on the matter. [22274/07]
Brian Cowen (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context
I have no plans to review the rent-a-room scheme in the way suggested by the Deputy.
The position is that section 14 of Finance Act 2007 amended section 216A of the Taxes Consolidation Act 1997, which exempts from income tax, income received from the letting of rooms in a person's private residence provided the income does not exceed €7,620 per annum. The amendment provided that the exemption does not apply where a child pays the rent to a parent. However, the amendment made no change to the manner in which the exemption applies to any other directly related individuals, who may avail of the rent-a-room scheme as before.
No comments