Oireachtas Joint and Select Committees
Thursday, 3 May 2018
Public Accounts Committee
Vote 29 - Department of Communications, Climate Action and Environment
9:00 am
Ms Breda O'Keeffe:
As you know, Chairman, the gross land sale proceeds were €107.5 million. Transaction costs were associated with that figure. We used external parties and advisers etc. There is a significant tax bill of 25% to be paid on the sale of the land. We needed to undertake a number of sales-enabling projects to vacate the land that Cairn Homes bought from us. The N11 entrance, as committee members will see-----
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