103 Deputy Noel Ahern asked the Minister for Finance if he will clarify the situation regarding changes made in the Finance Act 2009 limiting to 75% from 100% the bank interest which could be deducted from rental income returns; if the commencement date for same can be given; the reason it applied to residential landlords only and not commercial profits operators; the way this is being checked by the Revenue Commissioners since many small investors who do their own tax returns would not be aware of the changes; if these changes have made some bank loans for investment look reckless; if such loans that might have to be written down can be quantified; and if he will make a statement on the matter. [1977/11]

Summary

103 Deputy Noel Ahern asked the Minister for Finance if he will clarify the situation regarding changes made in the Finance Act 2009 limiting to 75% from 100% the bank interest which could be deducted from rental income returns; if the commencement date for same can be given; the reason it applied to residential landlords only and not commercial profits operators; the way this is being checked by the Revenue Commissioners since many small investors who do their own tax returns would not be aware of the changes; if these changes have made some bank loans for investment look reckless; if such loans that might have to be written down can be quantified; and if he will make a statement on the matter. [1977/11]

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• Tax Reliefs

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