Seanad debates
Wednesday, 29 November 2006
Tax Code: Motion
5:00 pm
Martin Mansergh (Fianna Fail)
There was a motion tabled in his name last week about how inflation should be the overriding consideration. I question the radical measures advocated by, among others, the main part of the paper of which he is not the business editor. I wonder what would be the inflation effects of doing that.
I also question the equity in the suggestion that older people should not pay tax on the transfer of their homes. Older people have seen a major appreciation in the value of their homes. Fine Gael suggests that in addition to a major capital gain on the sale of their homes they should not have to pay stamp duty on downsizing.
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