Written answers

Tuesday, 5 July 2022

Photo of Michael LowryMichael Lowry (Tipperary, Independent)
Link to this: Individually | In context | Oireachtas source

179. To ask the Minister for Finance if he will consider establishing a scheme of tax credits in budget 2023 for owner-occupiers of defective apartments, duplexes and residential properties to offset remediation costs, similar to the way buy-to-let owners can offset liabilities against profit and loss; and if he will make a statement on the matter. [35891/22]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

As the Deputy may be aware, the Minister for Housing, Local Government and Heritage has established an Independent Working Group to examine the issue of defective housing. Officials from my Department participate on this Working Group. 

The objectives of the group are to identify the scope of relevant significant defects in housing, to evaluate the scale of housing affected, to propose a means of prioritising defects, to evaluate the cost of remediation, to recommend appropriate mechanisms for resolving defects and, to consider financing options in line with the Programme for Government commitment to identify options for those impacted by defects to access low-cost, long-term finance.

Separately, my Department's Tax Expenditure Guidelines are clear that a tax-based intervention should only be considered where it would be more efficient than a direct expenditure measure. 

In the circumstances, any intervention by me along the lines mentioned by the Deputy would seem to be premature at this point.


No comments

Log in or join to post a public comment.