Seanad debates

Wednesday, 6 November 2024

Finance Bill 2024: Committee and Remaining Stages

 

10:30 am

Photo of Paul GavanPaul Gavan (Sinn Fein) | Oireachtas source

I move amendment No. 2:

In page 12, between lines 4 and 5, to insert the following:

“Report on Rent Tax Credit 6. The Minister shall, within one month of the passing of this Act, prepare and lay before Dáil Éireann a report on the Rent Tax Credit operating in the absence of a cap on rents, making a direct comparison between the amount of the credit and rent increases across the State for each year that the credit has been in operation.”.

To be frank, I will briefly discuss these recommendations because they are very straightforward.

Recommendation No. 2 calls for a report on rent tax credit. Due to the huge increase in rents a report on rent tax credit would be very valuable. Recommendation No. 3 seeks a report on mortgage interest relief, which I have already sort of explained. Recommendation No. 4 seeks a report on the affordability of housing under the local authority affordable purchase scheme. Sinn Féin calls for these reports and I hope that the Minister will accept these very reasonable measures.

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