Simon Harris (Wicklow, Fine Gael)
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I move amendment No. 48:

In page 45, to delete lines 25 to 37 and substitute the following:“ ‘relevant purchase’ means the conveyance or transfer of a dwelling on or after 14 October 2014 and on or before 31 December 2017⁠—
(a) into the name of a first-time purchaser only, for occupation as his or her place of residence, or
(b) into the names of more than one person, where each such person is a first-time purchaser only, for occupation as their place of residence;
‘relevant savings’ means⁠—
(a) in the case of a relevant purchase, so much of the aggregate amount at any time of any relevant deposits held in the name of a first-time purchaser, individually or jointly with another first-time purchaser only, as does not exceed 20 per cent of the amount of the consideration paid in respect of the relevant purchase by the first-time purchaser, or
(b) in the case of a relevant completion, so much of the aggregate amount at any time of any relevant deposits held in the name of a first-time purchaser, individually or jointly with another first-time purchaser only, as does not exceed 20 per cent of the completion value of the dwelling;
‘relevant savings interest’ means relevant interest paid⁠—
(a) in the case of a relevant purchase, at any time during the period of 48 months ending on the date of the relevant purchase by a first-time purchaser, to the first-time purchaser in respect of relevant savings, or
(b) in the case of a relevant completion, at any time during the period of 48 months ending on the relevant completion date, to the first-time purchaser in respect of relevant savings.”.