Oireachtas Joint and Select Committees
Wednesday, 8 November 2017
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2017: Committee Stage (Resumed)
10:00 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Yes, I apologise, from NAMA. The properties are not being sold off because the companies will benefit from the CGT exemption after five years. I am also referring to individuals who bought, from NAMA, land that is currently undeveloped. The individuals will not develop or sell on the land because to hold on to it, at this point in time, is more financially beneficial to them.
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