Dáil Éireann Debate, Tuesday - 8 October 2024
122. Deputy Jim O'Callaghan asked the Minister for Finance the estimated cost of extending the eligible period for expenses incurred under the tax deduction for expenditure on retrofitting for landlords measure to 2030. [40263/24]
Amharc ar fhreagraSection 97B of the Taxes Consolidation Act 1997 which provides a deduction from rental income for expenses incurred by landlords in retrofitting residential rental properties. The deduction was introduced in Finance Bill 2022 to incentivise retrofitting of residential rental properties and to encourage landlords to retain these properties in the rental market.
The estimated cost of the scheme in 2024 is €20.8m. As such, it is estimated the cost of extending the relief to 2030 would be of the order of €20.8 million for each additional year it applies.
