Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I will. Maybe we should not amend the seven year element at all. Maybe we should introduce a separate section which allows for a redefinition of land specifically, the same way we did with Irish real estate funds, IREFs. We should define land in terms of development land and allow them to pay no CGT. There must be a way because there are massive windfalls coming down here for those will sell commercial buildings next year. A huge number of commercial buildings are being sold every year. We can see that in the expectation of the stamp duty revenues coming in next year. This is quite a sizeable windfall for certain individuals without the benefit that we are looking for, which is the release of land on which to develop housing.