Pearse Doherty (Donegal, Sinn Fein)

I move amendment No. 7:

In page 5, between lines 21 and 22, to insert the following:

“Amendment of section 17 of Act of 2012

7. Section 17 of the Act of 2012 is amended— (a) in subsection (4), by the substitution of “0.000742” for “0.001029”,

(b) in subsection (5)—

(i) by the substitution of “€1,260,000” for “€1,050,000”, and

(ii) by the substitution of “0.000906” for “0.001029”,

(c) in subsection (6)—

(i) by the substitution of “€2,100,000” for “€1,750,000” in each place where it occurs,

(ii) by the substitution of “€1,260,000” for “€1,050,000”, and

(iii) by the substitution of “0.000906” for “0.001029”,

and

(d) by the substitution of the following Table for the Table to that section:

"TABLE

Band (1)Valuation band (2)Mid-point of valuation band (3)

1 1-280,000 -

2 280,001-367,500 -

3 367,501-490,000 424,250

4 490,001-612,500 551,250

5 612,501-735,000 673,750

6 - -

7 735,001-840,000 787,500

8 840,001-945,000 892,500

9 945,001-1,050,000 997,500

10 1,050,001-1,155,000 1,102,500

11 1,155,001-1,260,000 1,207,500

12 1,260,001-1,365,000 1,312,500

13 1,365,001-1,470,000 1,417,500

14 1,470,001-1,575,000 1,522,500

15 1,575,001-1,680,000 1,627,500

16 1,680,001-1,785,000 1,732,500

17 1,785,001-1,890,000 1,837,500

18 1,890,001-1,995,000 1,942,500

19 1,995,001-2,100,000 2,047,500

I discussed this already in the context of the effect it would have of not pushing up prices as a compromise.

See this speech in context