257. Deputy Noel Grealish asked the Minister for Finance if he will consider removing the interest restriction applying to private landlords who have taken out loans for the provision or upgrading of private rental property, in view of the fact that it can give rise to a taxable gain on a loss; his views that the restriction is unfair, especially as it only applies to private landlords and not to those operating formal businesses; if its continued application since its introduction in the April 2009 supplementary budget can be justified on grounds of tax inequality, notwithstanding that the estimated cost of removing the restriction is €95 million per year; and if he will make a statement on the matter. [4173/13]

Summary

257. Deputy Noel Grealish asked the Minister for Finance if he will consider removing the interest restriction applying to private landlords who have taken out loans for the provision or upgrading of private rental property, in view of the fact that it can give rise to a taxable gain on a loss; his views that the restriction is unfair, especially as it only applies to private landlords and not to those operating formal businesses; if its continued application since its introduction in the April 2009 supplementary budget can be justified on grounds of tax inequality, notwithstanding that the estimated cost of removing the restriction is €95 million per year; and if he will make a statement on the matter. [4173/13]

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Timeline

1. 29 January 2013

   Tax Code

   257. Deputy Noel Grealish asked the Minister for Finance if he will consider removing the interest restriction applying to private landlords who have taken out loans for the provision or upgrading of private rental property, in view of the fact that it can give rise to a taxable gain on a loss; his views that the restriction is unfair, especially as it only applies to private landlords and not to those operating formal businesses; if its continued application since its introduction in the April 2009 supplementary budget can be justified on grounds of tax inequality, notwithstanding that the estimated cost of removing the restriction is €95 million per year; and if he will make a statement on the matter. [4173/13]

   Source: written

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• Tax Code

  xml · EN · 29 January 2013

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• Grealish, Noel. · Asking member
• Finance · Finance · Addressed to

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