Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Okay. Can I ask you in relation to the property tax reliefs ... and you talk ... you talked at length in relation to the fact that you phased them out in 2006 in the Finance Acts 2006, but is it not the case, Mr. Considine, that these property tax reliefs were going to expire in 2006 anyway? Can I put it to you that the urban renewal scheme was actually going to expire in 2002 and extended to 2004 and then extended to 2006 and then extended to 2008? Can I put it to you that the living-over-the-shop scheme was extended twice during the period of the scheme? The rural renewal scheme was extended twice up to 2006. There was the park and ride scheme, the town renewal scheme, the student accommodation scheme. The multi-storey car park scheme was extended twice over the period of that scheme. And these were all supposed to conclude either in 2002 and 2004 and were extended to 2006 and 2008. Wasn't it not the case, if the Department took a position of no policy change, that these would have just ... there was an exit clause or a conclusion date on them that you decided in your review to extend up until 2008?

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