Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

First, the Minister of State relies heavily on Revenue saying the data will not be available. We have gone through the Finance Bill and amendments I tabled on Committee Stage have been included in the legislation, which is a welcome new approach. If he is genuine he will accept the principle behind my amendment. My party could table an amendment in the Seanad. My amendment proposed that at the earliest stage where data is available the Minister will provide in a report to this House the tax foregone as a result of providing a capital gains tax exemption for property that is held for five years or more. I ask the Minister of State to think about the matter and discuss it with the Minister. The Minister of State has correctly pointed out that what happened in 2006 was Irish fuelled investments and a credit bubble.

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