Jim Daly (Cork South West, Fine Gael)
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Question 98: To ask the Minister for Finance his plans to extend the deadline of June 2011 for capital allowances allowed for nursing home builds bearing in mind that a large number of them are only partially complete due to lack of funding from financial institutions as a result of the current financial crisis; and if he will make a statement on the matter. [13893/11]

Michael Noonan (Limerick City, Fine Gael)
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Section 8 of Finance Act 2009 terminated, with effect from 31 December 2009, the scheme of capital allowances in respect of capital expenditure on registered nursing homes together with certain other health-related capital allowances schemes, subject to transitional arrangements for pipeline projects. Termination dates beyond 31 December 2009 apply for pipeline projects in the case of nursing homes where certain qualifying conditions have been met by that date. Where planning permission is required in relation to the work to be carried out, the qualifying condition for a termination date beyond 31 December 2009 is that a valid application for full planning permission be submitted on or before that date, and be acknowledged by the relevant planning authority. In such cases, the termination date for qualifying expenditure under the scheme is 30 June 2011. I consider the time limits put in place under these transitional arrangements are reasonable. Similar arrangements have been made in the past when other property-based incentive schemes have been terminated. I have no plans to extend the end- June 2011 deadline.