Dáil Éireann Debate, Wednesday - 1 February 2012
31 Deputy Liam Twomey asked the Minister for Finance his plans to introduce legislation to change the valuation date of 30 November 2009 that the National Asset Management Agency is still using to value property it is acquiring; and if he will make a statement on the matter. [5523/12]
Amharc ar fhreagraThe eligible assets of participating financial institutions were acquired at an acquisition value which was determined in line with Part 5 of the NAMA Act, 2009 and the National Asset Management Agency (Determination of Long Term Economic Value of Property and Bank Assets) Regulations, 2010. The 30 November, 2009 is the reference valuation date for the valuation of all assets acquired by NAMA. A decision to opt for a single reference date was made to ensure that all assets were valued on a consistent basis. Given that transfer of relevant assets to NAMA is now complete, there is no basis for making any changes to the valuation date. I therefore have no plans to make any change to the NAMA legislation as suggested by the Deputy.
