Oireachtas Joint and Select Committees

Thursday, 18 November 2021

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2021: Committee Stage (Resumed)

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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That is the reason we have a run-in period for it. The Deputy began his questioning by asking why can we not do this more quickly. The reason we must have a run-in period, which the Deputy considers is too long, is to give these kinds of indications to landowners. This will be a very broadly applicable tax and, in particular, time will be needed for the appeals process. The reason we need a run-in period is the point the Deputy has just identified. The scope and applicability of this land will be much broader than many people are currently aware of and to deal with the consequences of that, we will need time for an appeals process and a supplementary map. That is why the run-in period is the length of time I am recommending.