Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I believe this section is justified and necessary. It is proportionate and is related to the fact that my predecessor and I always stated that the reliefs made available to the REIT sector were made available on the expectation of its long-term operation. The changes I have made here are driven by that broad policy consideration and my intention to follow that through to the end. That is the reason I made these changes. We touched on the issue of capital gains tax, the level and whether it should be paid here. I have given my view on that but probably will do so again. However, the Deputy asked two quite technical questions and, if the Acting Chairman agrees, I ask that we go into private session and have the questions answered. Then I am happy to continue with a debate on the policy choices. Given the sensitivity of this matter, I wish to ensure the committee is given accurate answers on it.