I move amendment No. 54: In page 71, line 23, after “subsidiary” to insert “or intermediate holding company, as the case may be”.

I move amendment No. 55: In page 71, line 26, after “subsidiary'” to insert “or indirect qualifying subsidiary, as the case may be”.

I move amendment No. 56: In page 71, line 29, after “subsidiary’ ” to insert “, in respect of a qualifying financing company,”.

I move amendment No. 57: In page 71, to delete line 32 and substitute the following: “(b) that is - (i) tax resident in a Member State or an EEA State, or (ii) regarded as resident in a territory under arrangements having force of law by virtue of section 826(1) made with the government of that territory, and”.

I move amendment No. 58: In page 71, to delete lines 37 to 39 and substitute the following: “(b)advanced by a qualifying financing company to - (i) a qualifying subsidiary, or (ii) an indirect qualifying subsidiary, where the company referred to in subparagraph (i) or (ii) is a 75 per cent subsidiary of the qualifying financing company concerned, and”.

I move amendment No. 59: In page 72, line 2, after “subsidiary” to insert “or indirect qualifying subsidiary, as the case may be,”.

I move amendment No. 60: In page 72, to delete lines 20 to 24 and substitute the following: “(d) the disposal of any shares in a company such that the disposal causes a company to which a relevant loan was made to no longer be a qualifying subsidiary or an indirect qualifying subsidiary, as the case may be, of the qualifying financing company that advanced the relevant loan and references in subsection (5)(a) to the repayment of the principal amount advanced shall be to the higher of-”.

I move amendment No. 61: In page 72, line 26, to delete “disposed of.” and substitute “disposed of;”.

I move amendment No. 62: In page 72, between lines 26 and 27, to insert the following: “(e) the repayment, redemption or purchase by - (i) a company to whom a relevant loan was made, or (ii) in a case where a relevant loan was made to an indirect qualifying subsidiary, the intermediate holding company that directly holds 75 per cent or more of the ordinary share capital of the indirect qualifying subsidiary, of any of its own share capital and references in subsection (5)(a) to the repayment of the principal amount…

I move amendment No. 63: In page 72, line 36, to delete “section 70(2) and section 76(5)(b)” and substitute “sections 70(3) and 76(5)(b)”.

I move amendment No. 64: In page 74, line 2, after “subsidiary” to insert “or indirect qualifying subsidiary, as the case may be,”.

I move amendment No. 65: In page 74, line 4, after “subsidiary” to insert “or indirect qualifying subsidiary, as the case may be,”.

I move amendment No. 66: In page 74, line 6, after “subsidiary” to insert “or indirect qualifying subsidiary, as the case may be,”.

I move amendment No. 67: In page 75, line 20, to delete “Part 41A.”,” and substitute “Part 41A.”.

I move amendment No. 68: In page 75, between lines 20 and 21, to insert the following: “(13) (a) Where a relevant loan is deemed to be repaid, in whole or in part, under paragraph (b), then no deduction shall be available under subsection (4) in respect of any external interest arising after the deemed repayment on the portion of the external loan, represented by the amount that has been paid to the qualifying financing company, which is, or was, matched to the relevant loan. (b) For the purposes of paragraph (a), …

I will be responding to the amendment, so Deputies might as well make their contribution if they have one.

I thank Deputy Doherty for raising this issue. When it comes to the housing challenge that we face, we can all agree that the best way of making progress is to increase the supply of all types of homes - public homes in the form of social housing, cost rental and affordable purchase, and also private supply. Thankfully, when we look at the overall picture, we are making progress in terms of output. That is because the Government is prioritising investment in housing. Next year, we will provide about €5 billion of c…

I thank the Deputy. I think the evidence shows this scheme is not only popular but working. Consider that over 2,200 applications have been approved. That will lead to properties that are currently vacant or derelict coming back into use and being lived in by individuals and families. The Government will continue to support this scheme and to provide the necessary funding to ensure it meets its potential into the future. It is important that the issues - we hear the feedback - with the operation of this scheme will…

I thank Deputy Smith for raising these important transport issues. I am happy to defend the Government's record on investment in all forms of transport across the country over the last number of years. That is evident for anyone to see when looking at the investment in active travel, the expansion of public transport services and the investment in our road network to name a few examples. In the budget we provided an overall allocation to the Department of Transport of over €3.5 billion to provide vital services to …

The answer is, yes we are. We stand behind the public transport projects that are a fundamental part of the NDP that I prepared on behalf of the Government and got the approval of the Government for. That sets out a plan worth €160 billion to the end of the decade. Of course, we acknowledge the impact of inflation in recent years. The Deputy is right to highlight that. We have all seen the inflation in tender prices and we are well aware of the impact of the war in Ukraine on inflation in the cost of construction m…