Seanad debates

Wednesday, 24 March 2010

Finance Bill 2010 (Certified Money Bill): Second Stage.

 

10:30 am

Photo of Liam TwomeyLiam Twomey (Fine Gael)

In that case I will put the question to him. He said the matter is covered in the legislation - I obviously missed that part - but if that is the case, why are we being made aware that individuals are transferring assets to other family members? Is there a time limit in that regard? In other words, if they transfer assets over a 12 month or two or three year period before NAMA activates the process, will it have any effect? How does it affect individuals?

I would appreciate it if the Minister answered these questions. Otherwise, we can raise them again on Committee Stage and obtain more detail.

Comments

No comments

Log in or join to post a public comment.