Oireachtas Joint and Select Committees
Wednesday, 9 November 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2016: Committee Stage
10:00 am
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
Cut-off points are necessary in all schemes. I have explained the reason the cut-off point could not be pitched at €400,000. Given current house prices in Dublin, €400,000 was a reasonable point at which to draw the line and there had to be some headroom allowed above this threshold to avoid a cliff effect and a black economy effect. That is the reason.
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