Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That is if they reinvest the profits within the fund but that is not what is happening here. The Government would not be closing down this loophole if that was the case. The Government is closing down the loophole because it knows fine well that it engineered a loophole into the Finance Bill last year that incentivised people to hoard land and property. I welcome the fact that the loophole is being closed but I am disappointed that it will continue for a year.

The Minister of State talked about certainty for investors and all of the rest. What about certainty for the people who need homes? The Government must get its priorities right.