Written answers

Thursday, 31 January 2008

5:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 91: To ask the Tánaiste and Minister for Finance the number of DIRT-exempt bank accounts that have been established during each of the years 2005, 2006 and 2007; and if he will make a statement on the matter. [2864/08]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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Up to 2006, DIRT was deducted from a customer's deposit interest regardless of whether or not the customer was actually liable to tax. At the end of each year some account holders, provided they met certain conditions, were entitled to claim a refund from Revenue of any DIRT deducted during the year.

Section 34 of the Finance Act 2007 introduced a new scheme to allow the operation of DIRT exempt savings accounts subject to two conditions: the account holder must be aged 65 years of age or over or be permanently incapacitated and their total income must not exceed the relevant exemption threshold, i.e. in 2007 €19,000 (for an individual) or €38,000 (for a married couple).

Provisional figures show that in 2007, 39,201 such accounts were operated. These figures will increase as the remaining financial institutions file returns for 2007. Such accounts were not operated before 2007.

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 92: To ask the Tánaiste and Minister for Finance his views on the introduction of tax relief on fees paid to property management companies in the Finance Bill 2008; and if he will make a statement on the matter. [2865/08]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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The Finance Bill will be published at 14:00 today and it is not the practice to comment on it, one way or another, before it is presented to the Dáil.

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