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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 November 2022 - onwards
Version 2 of 2

45AA. Annual report relating to eligible rental income

(1) The Executive shall prepare in respect of each year (or such longer period as the Minister may, following receipt of the third report under this section, prescribe by regulations) a report containing information in relation to -

(a) the proportion of financial assessments in respect of which eligible rental income is taken into account,

(b) the number of principal residences from which eligible rental income derives,

(c) an assessment of likely trends arising from the effects on the Scheme of the treatment of eligible rental income,

(d) the impact of the changes effected by Part 9 of the Act of 2022 on outcomes for persons participating in the Scheme, including the timing of participation in the Scheme and risks relating to the safeguarding of vulnerable persons, and

(e) such other matters as may be specified by the Minister.

(2) The Executive shall send a copy of each report prepared under this section to the Minister -