Dáil debates

Tuesday, 15 October 2013

Financial Resolutions 2014

No. 7: Income Tax

10:10 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

There is the man who knows how to calculate the odds.

On Deputy Richard Boyd Barrett's point, those who already have the accounts in question will continue to be subject to the exemption. Therefore, if someone has just bought a three-year product, the exemption will apply until the end of the lifetime of that product. The same applies to a five-year product. There will be a deduction before DIRT kicks in. That provision will not apply to new products issued. That is basically the position.

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