Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

I oppose this section on the basis that the Government is allowing the capital gains tax, CGT, loophole to remain. I know that the Minister is not going to back down on the issue and cannot imagine that we have the numbers to force a change. However, I ask the Minister of State to at least reflect on the point that this should only happen from the date of enactment of the legislation. I suggest that if a property is held for five years from the day of passage of the legislation, rather than backdating to when the owners came to the country, it be CGT-exempt.