Paschal Donohoe (Dublin Central, Fine Gael)

Overall, in terms of the increase in the value of the scheme, at the moment, as the Deputy knows, it has a lifetime limit of €1 million with regard to the disposal or disposals of chargeable business assets made by a relevant individual on or after 1 January 2016.

The Bill will amend the existing lifetime limit of €1 million, increasing it to €1.5 million for gains arising on disposals made on or after 1 January. This section gives effect to that. It is an increase of €500,000.