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)
1:40 pm
Simon Harris (Wicklow, Fine Gael) | Oireachtas source
Yes. I will consider the points the Deputy has made. I refer to the points I have made on behalf of the Minister for Finance, in which he outlined directly the requirement for a person to live above the premises. He said that with the benefit of hindsight he has concluded that the restriction is an unnecessary complication which will have little or no effect on the scheme but that the aid limit on the commercial element of the scheme will ensure that the initiative will not result in large-scale commercial development. It is fair to say that this has been an evolving scheme and one on which we have working with the local authorities. The view originally was very narrow, we were looking at Georgian houses in a couple of cities but we have moved on quite a bit from that now. That is how the scheme has evolved.
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