Michael McGrath (Cork South Central, Fianna Fail)
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72. To ask the Minister for Finance if he will amend the terms of the cycle to work scheme to allow persons who availed of tax relief under the scheme to purchase a second bike within the permitted five year period if the original bike they purchased was stolen and they can verify this fact; and if he will make a statement on the matter. [10234/14]

Michael Noonan (Limerick City, Fine Gael)
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I have no plans to amend the Cycle To Work Scheme in the manner suggested by the Deputy. Bicycles are normally covered as part of a general household insurance policy or some people may opt to have specific cover for it. If an insurance policy pays out for a bicycle then the stolen one may be replaced but the tax break may only be availed of once in a 5-year period.