Dáil debates

Tuesday, 9 October 2018

Financial Resolution No. 2: Capital Gains Tax

 

10:00 pm

Photo of Mattie McGrathMattie McGrath (Tipperary, Independent) | Oireachtas source

I also want answers to the questions Deputy Howlin asked, so I will not labour the point. Why is there a panic to introduce this tonight if the implementation date is January 2020? We normally vote on issues which take effect at midnight and which , for various reasons, cannot be changed or moved. Why is the rate changing from 33% to 12.5%? Perhaps the Minister will be able to put us at ease and explain the panic and the changes to the rates.

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