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Tax Credits

Dáil Éireann Debate, Tuesday - 15 October 2024

Tuesday, 15 October 2024

Ceisteanna (220)

Jim O'Callaghan

Ceist:

220. Deputy Jim O'Callaghan asked the Minister for Finance the estimated cost to increase the renters tax credit by €250, €500, €1,000 post the enactment of measures announced in Budget 2025. [41505/24]

Amharc ar fhreagra

Freagraí scríofa

I am advised by Revenue that the table below sets out the estimated costs of the proposals outlined by the Deputy. These costs are done on a post-Budget 2025 basis (i.e. the additional over the levels of the relief as increased in Budget 2025).

Proposed Credit Value in 2025

Estimated Additional Cost €m

€1,250/€2,500

50

€1,500/€3,000

95

€2,000/€4,000

160

Note: figures are rounded to the nearest €5m.

Roinn