John Gerard Hanafin (Fianna Fail)

I would welcome a debate on the recently issued guidelines of the Revenue Commissioners to lending institutions. It is often necessary for young people to have a parent supply some of the money required to purchase a property, notwithstanding the two possible arrangements which may obtain. If a parent in such circumstances becomes part-equity owner of the property, the decision is a commercial one and it is proper to aggregate the relief. If, however, a parent does not take an interest in the property, it is entirely correct for the young people buying it to claim in full the available relief.