Dáil Éireann Debate, Tuesday - 16 January 2018
231. Deputy Michael McGrath asked the Minister for Finance if his Department has sought EU approval to proceed with the commencement of section 68 of the Finance Act 2017; when he will commence this measure; if the new measure will be retrospectively applied to qualifying transactions that take place from 1 January 2018 once the approval comes through; and if he will make a statement on the matter. [1493/18]
View answer232. Deputy Jackie Cahill asked the Minister for Finance if his Department has sought EU approval to proceed with the commencement of section 68 of the Finance Act 2017; when he will commence this measure; if the new measure will be retrospectively applied to qualifying transactions that take place from 1 January 2018 once the approval comes through; and if he will make a statement on the matter. [1499/18]
View answerI propose to take Questions Nos. 231 and 232 together.
Officials in my Department are currently examining this issue and plan on bringing it to the EU Commission to seek State Aid approval in due course. If State Aid approval is granted, the legislation will, when commenced, apply to purchases and sales of property between 1 January 2018 and 31 December 2020.
