Stephen Donnelly (Wicklow, Social Democrats) | Oireachtas source

If a company buys a hotel for €20 million and it sells that hotel for €40 million two or ten years later, it does pay CGT on the €20 million capital gain. There is capital gain on property right now. If the Minister or I bought an apartment for €100,000 and sold it for €200,000, we would pay capital gains tax on the gain.