Dunnes Stores contends that £395,188 was made in payments for alterations to his home. He rejects this figure.
The value of what he, his company and his house received from Mr Ben Duane is disputed by Dunnes Stores.
. In order to settle his tax affairs with the Revenue Commissioners, the value of what he received from Dunnes Stores has to be determined.
. A declaration on tax matters has yet to be made by him to the Revenue Commissioners.
. He made a declaration to the Taoiseach on becoming Minister that he had availed of the tax amnesty and that his tax affairs were in order.
. He has to review the Residential Tax returns on his home in the light of the extension to his property.
. The VAT aspect of this matter has also to be addressed.
. He would apply for retention of the extension to his house if required.
. The work on his house was income for professional advice and service and not a loan.
. The repairs to the house were not designed by him as a tax evasion measure.
. Ben Dunne provided him with the funding to establish his company, Streamline Enterprises Ltd.
. Mr Duane also undertook to assist him financially towards the purchase and refurbishment of his house.
. When the tax implications of his arrangements with Dunnes Stores are determined they will be met in full.