Pat Rabbitte (Dublin South West, Labour)
Link to this: Individually | In context

Question 690: To ask the Minister for Education and Science his views on the case made by a person (details supplied) regarding the award made by the redress board to their spouse, now deceased, has been abated by stamp duty, brokers' commission and exit tax and investment loss; if he is satisfied that these deductions are in order; and if he will make a statement on the matter. [22731/09]

Batt O'Keeffe (Cork North West, Fianna Fail)
Link to this: Individually | In context

I wish to advise the Deputy that under Section 22 of the Residential Institutions Redress Act, 2002, income consisting of an award under this Act shall be disregarded for the purposes of income tax assessment under the Income Tax Acts. Any payment in respect of an award under this Act shall be treated in all respects as if it were a payment following a civil action for damages in respect of personal injury.

In relation to the payment of any form of tax or other deductions on such monies in the form of inheritance, this is a matter for the Revenue Commissioners having regard to their regulations and I would respectfully suggest that the Deputy may wish to contact that office for confirmation as to the appropriate deductions.