Oireachtas Joint and Select Committees
Tuesday, 15 November 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2016: Committee Stage (Resumed)
2:00 pm
Stephen Donnelly (Wicklow, Social Democrats) | Oireachtas source
Let us consider both. If an Irish citizen living in Ireland buys a hotel for €10 million and sells it for €20 million, he or she will pay capital gains tax on the €10 million profit. In this new world he or she will not do so.
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