Oireachtas Joint and Select Committees

Wednesday, 19 November 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance Bill 2014: Committee Stage (Resumed)

12:30 pm

Photo of Simon HarrisSimon Harris (Wicklow, Fine Gael) | Oireachtas source

I take the point. The Deputy would probably accept that it is highly unlikely that the measure will really have an impact on the group in question. We have introduced it in an equitable fashion and it is open to all first-time buyers. The Deputy will have seen in some of the amendments we have agreed some of the protections we have put in place. One has to be a genuine first-time buyer. If there is a joint purchase, the second party must be a first-time buyer. There is no real ability for somebody to be a faux first-time buyer. The relief is modest and there are enough protections in place. It is open to all first-time buyers so as to be equitable. We will keep it under review.

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