Alan Farrell (Dublin Fingal, Fine Gael) | Oireachtas source

I thank the Minister for his response and the reassurance that the capital acquisitions tax will not rise in the budget. I cannot better what Deputy Carroll MacNeill has had to say in terms of the position that a relatively small number of people in the State find themselves. Having paid extortionate interest rates in the 1980s and high taxation, among other concerns, they want to support the future of their children when they pass.

I am not a fan or a supporter of this sort of taxation but I recognise it makes a valuable contribution to the Exchequer. I was heartened by the comments of the Minister at the debate on the Commission on Taxation and Welfare report last week and I appreciate the opportunity to contribute at this point.

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