Oireachtas Joint and Select Committees
Wednesday, 19 November 2014
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance Bill 2014: Committee Stage (Resumed)
5:15 pm
Michael Creed (Cork North West, Fine Gael)
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It is a blunt instrument but I can understand the reason it is there, which is to encourage transfers. However, there are so many different individual circumstances where someone is 65 or 66 years of age. It would be foolish of us to suggest that anyone who is 65 or 66 cannot actively contribute to or work a holding. He or she may have a young family and is not in a position to avail of an inheritance relief usefully at that stage.