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 Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

This applies to first-time buyers who are to use the property being purchased or transferred to them as a place of residence. What provisions are contained in the legislation regarding the timeframe and anti-avoidance? When people are applying for planning permission for a place of residence at local authority level, section 37 agreements ensure one must live in the property for seven years. What measure is in place to prevent a person purchasing a house worth €1 million to obtain the relief, living in it for a week or two and then transferring it to somebody else?

Comments

No comments

Log in or join to post a public comment.