Dáil debates

Wednesday, 22 November 2017

Finance Bill 2017: Report Stage (Resumed)

 

6:45 pm

Photo of Michael FitzmauriceMichael Fitzmaurice (Roscommon-Galway, Independent) | Oireachtas source

I support Deputy Donnelly's amendment. The irony of this is that if the people affected, the so-called accidental landlords who are being screwed at the moment, were to miss one payment, the vulture funds to whom their loans were sold on would end up with tax breaks. Vulture funds are getting tax breaks and are paying only €400 or €500 on millions in profits but the people to whom Deputy Donnelly refers are struggling in many cases. The Minister should listen to the Deputies and accept what they are proposing. If the amendment needs more tweaking to make it foolproof, then so be it. Every Deputy will accept that and I do not think anyone would have a problem with that. It is very sad to see accidental landlords struggling at the moment while the big guns, the vulture funds are getting away with murder with the support of the Government.

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