Denis Naughten (Roscommon-South Leitrim, Fine Gael)

The Minister has highlighted another problem in that the CGT liability will be paid at the higher rate for landowners or farmers who are paid subsequent to the date of the legislation's introduction. Therefore, where CPOs were agreed a considerable time ago, the compensation has also been agreed but because of delays, due sometimes to the incompetency of the National Roads Authority, farmers will be liable to a higher rate of tax even though the compensation was agreed at the lower rate. Will that have to be revised due to cost implications for the Department of Finance? Surely it would make sense for everyone if it kicked in at the lower rate.

See this speech in context