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Doherty welcomes Ernst and Young support for Budget rent tax relief

1 October, 2018 - by Pearse Doherty TD

Sinn Féin Finance Spokesperson Pearse Doherty TD has welcomed the call from Ernst and Young, as reported today, for a tax relief for renters, saying it backs up Sinn Fein’s position.

Teachta Doherty said:

“A tax relief for people renting from private landlords without state support of up to one month’s rent is a key plank of Sinn Féin’s Alternative Budget. It must be accompanied by a rent freeze and an ambitious building programme funded by a billion euro increase in the Budget.

“I am glad to see other commentators back the spirit of the proposal. The momentum is behind this Sinn Féin initiative. The emergency facing renters justifies this temporary scheme. Sinn Féin’s proposal is for an 8.33% relief meaning each renter would be entitled to a tax break equal to one month’s rent.

“Minister Donohoe cannot deliver a Budget that does not deliver relief for renters as we see rents go up and up monthly. They are now well above the former peak. They are a key factor in the cost of living crisis for many people. I am calling on him to give Sinn Féin’s plan his full attention before Budget Day.” 

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