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
Pearse 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?
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