Skip to main content
Normal View

Dáil Éireann debate -
Thursday, 2 Nov 1972

Vol. 263 No. 3

Ceisteanna—Questions. Oral Answers. - Land Sales Profits.

61.

asked the Minister for Finance if the Government will consider introducing legislation to impose a tax on profits from land sales inflated by planning approval.

Profits from land sales are assessable to income tax where they arise in the course of carrying on a trade of dealing in or developing land.

I might add that, as the Deputy is probably aware, the general question of the possible control of building land prices is at present the subject of a special examination by a committee appointed by the Minister for Local Government.

Can the Minister tell us when that committee will report?

The report is expected within a few months.

I understood it was to be a good deal sooner.

I hope the Deputy is right but that is the information I have.

I said I had understood but that was some time ago.

The committee is headed by Judge Kenny. Would the Minister happen to have available the membership of the committee, apart from the chairman?

I am afraid I do not.

Top
Share