Seanad debates
Wednesday, 24 June 2009
Nursing Homes Support Scheme Bill 2008: Report and Final Stages
12:00 pm
David Norris (Independent)
I support the amendment, to which I have added my name. The Minister of State will recall that I invaded my own privacy during the Committee Stage debate when I gave an example of a parallel situation of unfairness. When I inherited a small number of stocks and shares some years ago, it took two and a half years to get them out of probate. They were valued for testamentary purposes at the height of the market. I had to make a payment on the basis of the height of the market value, even though the first opportunity I got to sell them was when the market was at the lowest point. The amount I paid was much more than the real value of the shares. The point Senator Mullen is making is that the market value of the property could decrease. It would be unfair to charge somebody on the basis of a valuation that is no longer applicable. For this reason, I support the amendment strongly.
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