Seanad debates

Friday, 19 December 2008

Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages

 

5:00 pm

Photo of Paddy BurkePaddy Burke (Fine Gael)

Arrangements can be made for paying instalments if agreement is reached. The Minister said the valuation date is the date of death but how does one know what the valuation is now? How can anybody say what the valuation of a property is in the current economic climate? Some of the properties under dispute were valued at the date of death which may have been two or three years ago. They were unrealistic valuations. There should be some arbitrary system in place to allow people come to some agreement but I am led to believe that in some cases where disputes have taken place there is no talking to the Revenue Commissioners. There is no doubt that any valuation given two or three years ago was unrealistic and I hope the Revenue Commissioners would look on it that way.

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