Oireachtas Joint and Select Committees
Thursday, 12 May 2016
Committee on Housing and Homelessness
National Asset Management Agency
10:30 am
Mr. Frank Daly:
I know, but that is part of the difficulty. Once one gets into VAT reductions for starter homes or social housing, one cannot be too selective in relation to VAT. I know because I have spent a long time in Revenue dealing with it. The most important point is that one can create a mechanism whereby it is passed back to the purchaser. The existing VAT repayment is a model that could be looked at, where, if one does some work on one's own house, eventually it gets back to one's self. There were a couple of other questions.
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