Bernard Durkan (Kildare North, Fine Gael)
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Question 88: To ask the Minister for Finance the extent to which he proposes to examine the impact of budget 2011 on a number of section 23 beneficiaries given in some circumstances a wider economic situation; and if he will make a statement on the matter. [3199/11]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I have sought to adopt a pragmatic and balanced approach to this issue. The measures announced in the Budget were targeted solely at passive investors and would restrict the use of and carry forward of capital allowances and limit Section 23 relief to income from the individual Section 23 property. Since the Budget, my officials have been engaged in a consultation process with various groups who have made representations in relation to the proposals. I have considered the various views received and full details of the Government's decision in relation to the issue will be set out in the Finance Bill.