Seán Kenny (Dublin North East, Labour)
Link to this: Individually | In context | Oireachtas source

To ask the Minister for Finance the tax reliefs and breaks that remain open; the savings to the Exchequer if each tax relief and breaks were discounted; the number and savings to the Exchequer of the reliefs and breaks that were discounted in the past two years; and if he will make a statement on the matter. [47549/12]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

As regards tax reliefs currently available, a comprehensive summary of these was provided recently in my reply to PQ 197 of 23rd October. As the Deputy will be aware, virtually all of the area-based and property tax incentive schemes have ended and this year’s Finance Act provided for a cap on property-based Accelerated Schemes (in line with the tax life of the particular scheme) to be introduced from 1 January 2015. Many reliefs were terminated at a date prior to period to which the Deputy refers, although in some cases transitional arrangements apply. However the reliefs that were terminated in the last two years are set out below along with the estimated annual Exchequer saving: