121 Deputy Joan Burton asked the Minister for Finance the benefit-in-kind regime for employees in receipt of a preferential rate of mortgage interest from their employer; the specified benchmark rate against which a preferential rate is compared to establish the liability for benefit-in-kind; if this specified benchmark rate varies in line with prevailing market interest rates; his views on whether persons benefiting from preferential mortgage rates could be liable for significant increases in their benefit-in-kind liability as a result of falling interest rates in the market if the specified benchmark rate remains static; if he intends to modify these arrangements, the specified benchmark rate or the method of calculating this rate in the upcoming Finance Bill; and if he will make a statement on the matter. [41697/08]

Summary

121 Deputy Joan Burton asked the Minister for Finance the benefit-in-kind regime for employees in receipt of a preferential rate of mortgage interest from their employer; the specified benchmark rate against which a preferential rate is compared to establish the liability for benefit-in-kind; if this specified benchmark rate varies in line with prevailing market interest rates; his views on whether persons benefiting from preferential mortgage rates could be liable for significant increases in their benefit-in-kind liability as a result of falling interest rates in the market if the specified benchmark rate remains static; if he intends to modify these arrangements, the specified benchmark rate or the method of calculating this rate in the upcoming Finance Bill; and if he will make a statement on the matter. [41697/08]

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• Tax Code.

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