Pearse Doherty (Donegal, Sinn Fein)
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I welcome amendment No. 124 and withdraw my amendment as the former is one of the proposals that we put to his officials during the briefing meeting. The amendment will close the loophole. We do not know how much has been lost but we do know that the dwelling house exemption costs the State about €52 million. People argue over the family home and that is why we support the amendment. It is right and proper that the person living in the family home is exempt. However, I will not be as complimentary when we discuss the increase in CAT thresholds. To deal with CAT one must deal with real issues such as the one that we are discussing and allow somebody who have lived in the family home to inherit it tax-free. We will discuss related matters when we discuss the Government amendment to section 51.