Billy Timmins (Wicklow, Fine Gael)
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Question 188: To ask the Minister for Finance the position regarding a matter (details supplied); the tax implications for a person on this money which was tax free; and if he will make a statement on the matter. [22640/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am advised by the Revenue Commissioners that the forestry premium is exempt from tax under section 232 of the Taxes Consolidation Act 1997. Therefore no taxation liabilities arise where these monies are saved in accounts that are now subject to reporting obligations under recently introduced regulations. In addition, I can confirm that where interest paid on these savings was subject to DIRT no further tax liability arises in the interest income earned.