Written answers
Tuesday, 16 June 2009
Department of Finance
Tax Code
8:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 81: To ask the Minister for Finance if the gain made on a financial product (details supplied) is treated as income for the purposes of the income levy. [23471/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The position is that the income levy does not apply to tracker bonds. These products are currently subject to Deposit Interest Retention Tax (DIRT) at 28% on the interest paid on the date of the maturity payment.
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