Written answers

Tuesday, 8 October 2024

Photo of Jim O'CallaghanJim O'Callaghan (Dublin Bay South, Fianna Fail)
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119. To ask the Minister for Finance to provide the first- and full-year cost of increasing the rent tax credit by €100 increments, in tabular form. [40260/24]

Photo of Jack ChambersJack Chambers (Dublin West, Fianna Fail)
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I am advised by Revenue that as the amount of rent tax credit available to a taxpayer is dependent on the rent paid, it is not possible to provide a precise estimate for each €100 increase in the value of the credit.

Revenue has provided the data in the table below setting out estimated additional costs associated with a range of potential increases in the value of the credit.

It should be noted that these costs are calculated on a post-Budget 2025 basis.

Proposed Credit Value in 2025
Estimated Additional Cost €m
€1,100/€2,200
20
€1,200/€2,400
45
€1,300/€2,600
60
€1,400/€2,800
80
€1,500/€3,000
95

Note: figures are rounded to the nearest €5m.

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