Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source

I note the points raised by a number of Deputies about how it might apply to agricultural farmland. My understanding was it did not apply to agricultural farmland but the points raised are valid enough to require that it be double checked.

It might well affect in a negative way the transfer of agricultural land which we would not want.

I ask the Minister to take note of something I have come across in the past. It relates to the timing of the contract, the signing of the contract and the discharging of the contract, which in some cases did not take place leaving the person disposing of the property with a very substantial bill and never getting the benefit of the sale of the property. In the course of the Finance Bill or maybe by way of examining the conditions under which this would apply, it might be possible to review the experience in the past and consider if any of the regulations need to be changed with particular reference to the contract and its efficacy.

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