Andrew Boylan
Question:29 Mr. Boylan asked the Minister for Finance if his attention has been drawn to the loophole in the tax system regarding the purchase and re-sale of properties after very short periods of ownership, especially houses that have fallen into disrepair being bought and refurbished and then sold at enormous profits under the guise of principal residences thereby avoiding any tax liability; if he intends to legislate to prevent this type of speculation which is increasing the price of such old houses for the young people who buy their homes for the resultant inflated prices; and if he will make a statement on the matter.