Private health investment costs €95m

The Minister for Finance, Michael Noonan, has said that the €232m invested in capital investment in private healthcare since 2004 may have cost the exchequer an estimated €95m in tax relief.

In a written Dáil response to Sinn Féin health spokesman Caoimhghín Ó Caoláin, Mr Noonan said it is not possible to say with certainty what the various reliefs have cost.

Mr Noonan said: “However, the maximum cost to the Exchequer of this relief, based on a total investment of over €232m, is estimated at €95.6m.