Seanad debates
Wednesday, 24 March 2010
Finance Bill 2010 (Certified Money Bill): Second Stage.
10:30 am
Liam 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.
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