Seanad debates

Thursday, 6 July 2006

Building Societies (Amendment) Bill 2006: Second Stage.

 

6:00 pm

Photo of Noel AhernNoel Ahern (Dublin North West, Fianna Fail)

Traditionally that did not happen. Senator Ryan spoke as if we were facilitating the sale of a State asset, if not actually selling it. We are not. We are giving those companies options. He also spoke about rental income. People who buy houses to let have to pay capital gains tax, as well as tax on income. Do I think it is fair? Such people have done well in recent times and the State likes people to invest because a significant number of people require rented accommodation.

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