Róisín Shortall (Dublin North West, Labour)
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Question 79: To ask the Minister for Finance if income from an inheritance will be subject to the income levy. [36806/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that inheritances passing to a beneficiary are of a capital nature and as a result are not subject to the income levy.

Róisín Shortall (Dublin North West, Labour)
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Question 80: To ask the Minister for Finance if rental income will be subject to the income levy. [36807/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that gross rental income is subject to the income levy. The income levy is payable on the gross rental income after deduction of normal expenses associated with the letting of property but before the granting of any reliefs for owners of rented residential accommodation under the various property and area based tax exemptions schemes or the granting of double rent allowance deductions.

More detailed provisions, in relation to the collection, recovery, inspection of records, and other provisions required will be set out in the Finance Bill.

Róisín Shortall (Dublin North West, Labour)
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Question 81: To ask the Minister for Finance if expenses paid to an employee in respect of their work duties will be subject to the income levy. [36808/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that expenses paid to an employee which are wholly, exclusively and necessarily incurred in the performance of their employment duties are not treated as part of the employee's emoluments, and as such, these expenses will not be subjected to the income levy.

Róisín Shortall (Dublin North West, Labour)
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Question 82: To ask the Minister for Finance the way the expenses of self-employed people will be treated in respect of the income levy; if he will clarify the Taoiseach's statement on the evening of 14 October 2008 that the levy will allow for the deduction of normal expenses associated with a trade; the trades to which this will apply; the expenses to which this will apply; and if he will make a statement on the matter. [36809/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that the income levy will apply to all trades and professions at the same rates as will apply to those applying to PAYE and investment income.

The income levy will be calculated by applying the appropriate percentage to the self-employed person's gross income, after deduction of only those expenses directly associated with the performance of the trade i.e., in accordance with the normal principles of commercial accounting.

No deduction will be allowed for capital allowances, personal pension contributions or losses carried forward from a previous period.

More detailed provisions, in relation to the collection, recovery, inspection of records, and other provisions required will be set out in the Finance Bill.