Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay, Mr. McCreevy, I need to come back in again. So, during 2001 there was also a measure in place which recommended in the third Bacon report, to limit mortgage relief for investment properties. In the 2001 budget, you withdrew these measures in order to encourage what would seem to be more rental properties. Can you explain why you done that?

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