Sinn Féin’s Rent Tax Relief must be introduced - Pearse Doherty TD
Sinn Féin Finance Spokesperson Pearse Doherty TD has said Sinn Féin’s rent tax relief proposal must be implemented in the Finance Bill currently before the Dáil.
He said today’s shocking statistics on rent from daft.ie show that a relief alongside a rent freeze and a boost in supply are necessary.
Deputy Doherty will re-submit the proposal at Report Stage next week and called on all parties to support it.
Teachta Doherty said:
“A rent relief for all renters not already subsidised is now a necessity. The Finance Bill where such changes can be made is before the Dáil so now is the time for Fine Gael and Fianna Fail to drop their opposition to Sinn Fein’s proposal for a one month rent relief.
"The relief would be available to all renters who are not already subsidised and would be refundable so lower earners would also benefit. It must be accompanied by a rent freeze so that the relief is not priced into rents.
"The Daft.ie figures show that this is become even more of a national emergency, not just a Dublin one or one for urban Ireland only.
"Only Sinn Féin’s plan will lead to direct and concrete relief for renters. The government and Fianna Fail approach of tax breaks for landlords will simply not deliver.
"Based on the latest available data such a relief would cost €246m. That is a significant sum but simply introducing one of Sinn Féin’s tax proposals such as taxing onshored intangible assets of multinationals would raise €750m.
"The political will does not exist within the establishment parties to tackle the renters’ crisis.”