250. Deputy Róisín Shortall asked the Minister for Finance further to Parliamentary Question No. 99 of 20 December, 2012 and in respect of the part of the question dealing with tax breaks on rental income from foreign property, if he will provide a breakdown by country of the location of the foreign properties with details of the amount of tax foregone by country; the rationale for continuing the regime whereby approximately €70 million of tax revenue each year is lost through allowing landlords to offset interest on borrowings against the rental income derived from properties outside the State; the benefits to the State of continuing this tax break; if any cost-benefit analysis has been undertaken of this tax break and if unpublished will he now publish same; and if he will consider using the Finance Bill to eliminate this tax break. [4133/13]

Summary

250. Deputy Róisín Shortall asked the Minister for Finance further to Parliamentary Question No. 99 of 20 December, 2012 and in respect of the part of the question dealing with tax breaks on rental income from foreign property, if he will provide a breakdown by country of the location of the foreign properties with details of the amount of tax foregone by country; the rationale for continuing the regime whereby approximately €70 million of tax revenue each year is lost through allowing landlords to offset interest on borrowings against the rental income derived from properties outside the State; the benefits to the State of continuing this tax break; if any cost-benefit analysis has been undertaken of this tax break and if unpublished will he now publish same; and if he will consider using the Finance Bill to eliminate this tax break. [4133/13]

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• Tax Reliefs Cost

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