Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

As already stated, I agree with much of the analysis relating to the issue. I clearly said that I disagree with the solution the Deputy is proposing. I was clear on that. I disagree because it is my view that bringing in a tax such as that to which the Deputy refers could actually slow the release of land for the development of homes. That is my analysis of the issue.

When seeking to ensure that the taxpayer, or the State, benefits from gains that are conferred by zoning decisions, this happens through the use of capital gains tax. This tax is based on the price at which the land is sold. In turn, and as the Deputy is aware, that price is influenced by the zoning decisions to which he refers.

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