Oireachtas Joint and Select Committees
Thursday, 8 November 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups
1:20 pm
Mr. Tom McDonnell:
On the question of negative equity, if the value of the wealth asset has fallen, then with the 0.35% property tax the amount that is liable will also fall.
That would be one direct impact but, by and large, the question of whether a person is in negative equity is a different issue. It is whether one has an ability to pay that matters.
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