Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

My only interest in this area is to ensure that there is no deterrent to land being purchased with a view to building on it and delivering homes. The two-thirds criterion has been replaced with eleven fifteenths in section 56. That, in effect, reduces the net stamp duty to 2% for a qualifying development. I welcome that there is no deterioration in terms of the purchase of land for development. The conditions need to be kept under review. I am sure the same issues are being raised with the Minister as have been raised with me, and they always have to be examined. Any changes have to be evidence-led and it is important to ensure that we are not putting in place any barriers that would prevent purchased land or a land about to be purchased from being built on to deliver the homes we all agree are needed.

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