Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Will the Minister take me through the issue of interest-free loans in terms of capital acquisitions tax? Where an interest-free loan, or a combination of such loans, from a parent to a child exceeds the category A threshold of €335,000, it will now have to be reported. Is it that the portion above the threshold falls under capital acquisitions tax at that point? What calculations will apply? To date, it had to do with the interest forgone. Will the Minister talk me through this change?