Oireachtas Joint and Select Committees
Wednesday, 27 November 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance (No. 2) Bill 2013: Committee Stage (Resumed)
2:20 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
This amendment is not restrictive of commercial space. The problem is that if the Minister is bringing forward a section 42 which deals solely with capital gains tax for properties, excluding residential properties, that would a different debate. We are in a mess with mortgage arrears because of buy-to-let properties. People are not stupid. Prices are rock bottom and they will increase. People are choosing to invest in properties when they think the market has hit the bottom, but they are the same properties a young couple are seeking to buy. We could have a debate on interfering with the market in commercial property space.
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