Seymour Crawford (Cavan-Monaghan, Fine Gael)
Link to this: Individually | In context

Question 263: To ask the Minister for Finance the amount which would be involved in reintroducing the roll-over tax for those involved in compulsory purchase orders; his views on whether a person who is placed under a CPO has no other choice but to accept the compensation provided and therefore is not a willing participant; his further views on whether such persons are doing a great service for the greater good of national infrastructure; and if he will make a statement on the matter. [12256/05]

Brian Cowen (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context

I am informed by the Revenue Commissioners that figures are not available to estimate with any accuracy the cost of introducing a roll-over relief for those involved in compulsory purchase orders. While a person whose property is purchased on foot of a CPO does not have a choice regarding the act of purchase, the compensation they receive will include one or more of the following elements: the market value of the property acquired, damage arising from the severance of land acquired from land retained by the owner, damage arising from the injurious affection of lands retained, and disturbance and other matters not related to the value of land. Where agreement cannot be reached on compensation for compulsory acquisition, the owner concerned is entitled to access to an independent property arbitrator, who will determine the matter.