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)
5:15 pm
Michael Creed (Cork North West, Fine Gael) | Oireachtas source
Are we not penalising the landowner for doing the transaction another time if the family member who stands to inherit or who would be identified as the successor is still a juvenile or still in school and not in a position to take over the whole thing? I understand the purpose of this. It gives a window of opportunity for people to get their house in order when they might have dilly-dallied about it until now. However, there are people aged 65, 66 or 67 years or older whose children might be only 14 or 15 years of age. A person is not going to transfer a farm to a son who is still in school. Is that window not being closed off?
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