Jim O'Callaghan
Ceist:119. Deputy Jim O'Callaghan asked the Minister for Finance to provide the first- and full-year cost of increasing the rent tax credit by €100 increments, in tabular form. [40260/24]
Amharc ar fhreagraTuesday, 8 October 2024
Ceisteanna (119)
Freagraí scríofa
I am advised by Revenue that as the amount of rent tax credit available to a taxpayer is dependent on the rent paid, it is not possible to provide a precise estimate for each €100 increase in the value of the credit.
Revenue has provided the data in the table below setting out estimated additional costs associated with a range of potential increases in the value of the credit.
It should be noted that these costs are calculated on a post-Budget 2025 basis.
|
Proposed Credit Value in 2025 |
Estimated Additional Cost €m |
|
€1,100/€2,200 |
20 |
|
€1,200/€2,400 |
45 |
|
€1,300/€2,600 |
60 |
|
€1,400/€2,800 |
80 |
|
€1,500/€3,000 |
95 |
Note: figures are rounded to the nearest €5m.