Oireachtas Joint and Select Committees

Wednesday, 7 July 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion

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

I have the information on the Deputy's pyrite question and the qualification criteria. A property that is eligible for the redress scheme is one that will be, or is currently being, remediated.

That is the answer to the question the Deputy put to me on that point.

On Bank of Ireland, the plan I have is to sell the Bank of Ireland a share of the shares that we have in the bank over a period. By doing it over a period as opposed to in a single go, we will be able to recoup good value for the taxpayer in Bank of Ireland. The Deputy is correct to say that in 2017 and at other stages the share price was higher but as he went on to say we are expecting a recovery within our economy. Due to that recovery I am confident that by disposing of this share over time, there will be a very good opportunity to recoup a good price for those shares.

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