Dáil debates
Tuesday, 6 December 2011
Financial Resolution No. 7: Stamp Duties
7:00 pm
Jonathan O'Brien (Cork North Central, Sinn Fein)
I also have mixed views on this resolution. I have been thrown by the inclusion of farmland because I cannot take it in isolation. We must be very careful not to create a situation where another property bubble will be allowed to develop. I cannot take it in isolation because, taken together with the seven year holiday being given to property developers with regard to capital gains tax, it is a start towards encouraging developers to buy property and sit on it for a certain period of time. Anything that does this is very dangerous. That is why I am concerned.
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