Phil Hogan (Carlow-Kilkenny, Fine Gael)
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Question 375: To ask the Minister for Finance the position regarding the proposal to impose an 80% windfall tax on rezoned land or lands acquired from landowners under compulsory purchase orders for road and infrastructure construction; and if he will make a statement on the matter. [38876/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The proposed 80% windfall capital gains tax to which the Deputy refers is being considered as part of the NAMA legislation. An amendment is being brought forward for consideration at Report Stage of the Bill, under which disposals under a compulsory purchase order will not be subject to the windfall rate. This legislation is subject to further consideration by the Oireachtas and it would not be appropriate for me to comment further in advance of that debate.