Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

I want to make it clear now. Mr. Culhane stated the Garda college was seeking confirmation from the Revenue Commissioners that it is entitled to charitable exemption whereby, in the event of surplus funds being generated, that these are not subject to tax and ultimately applied for charitable purposes in the furtherance of educational objectives. That is not clear.

Mr. Culhane said that for the exemption being sought, the proceeds of such investments - in other words if the Garda college is making investments - are not subject to tax and re-invested in the college. That seems incredible.