Dáil debates
Tuesday, 15 October 2013
Financial Resolutions 2014
No. 7: Income Tax
10:10 pm
Richard 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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