Results 4,521-4,540 of 16,492 for speaker:Ciarán Lynch

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: Excuse me, Deputy Twomey.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: I ask Deputy Twomey and Deputy Boyd Barrett to stop-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: I do not care. Deputy Twomey, if you want to engage you must engage through the Chair.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: If you want to speak I ask you to indicate that to the Chair. What the Minister of State said was that the markets look for certainty. It is not about fear or acknowledgement. It is that the markets look for certainty, and that is a fact.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: We are on section 78, amendment No. 95. We are drifting away from-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: I am being somewhat flexible in that I accept we are speaking to the section and to the amendment.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: I will bring in Deputy McGrath, because many members are indicating, and then bring in the Minister of State.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: I will bring in Deputy Shortall and then Deputy Mathews.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: I ask the Minister of State to make his final response on amendment No. 95.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: Amendment No. 96 has been ruled out of order because it involves a potential charge on the people.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: Will the Minister of State clarify this section? The memorandum states that "The amendment applies to gifts and inheritance taken on or after 6 December 2012". In the case of an inheritance that follows a bereavement. Will the Minister of State please explain the date line of this amendment? Is the reference to "on or after 6 December 2012" a reference to a death occurring on that date or...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: In the event of a death taking place a death certificate is issued, followed by the lodging of a probate process and then there is the date of the granting of the probate process. Inheritance and gifts can be passed on but in the case of probate there is a time line. What is the impact of the 6 December cut off on that time line?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: If somebody died before 6 December and probate is about to commence or is under way does this measure exempt the beneficiaries or are they included by this measure?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: There is a secondary issue, if this is retrospectively dated to 6 December if someone receives probate today he or she will not comply with the legislation because he or she would have received it under one tax code and now the code has changed which retrospectively pulls them into paying.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: Could I suggest that it be clarified on Report Stage?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: To return to the earlier point---

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: Through the Chair, Deputy Twomey, because I am interested to hear what he has to say.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: That is just one of the issues.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: One of the issues is that probate cannot be discharged unless its tax affairs are in order.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: That is a another lacuna.