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Kerry TD hits out at ‘completely insane’ proposal
K
KERRY TD Michael Healy-Rae has branded “insane” a proposal that people pay a 33% tax on the sale of their own homes.
Deputy Healy-Rae said: “At this time of year in particular it is a well-known fact that the Department of Finance are inclined to fly a number of different kites testing the public mood pre budget by leaking or releasing details of ideas that they may have for the Budget.”
The Kilgarvan TD said the suggestion on a 33% tax on the sale of homes is “completely insane”. “Firstly, these people, if they bought their family home they paid stamp duty on it and paid a mortgage all their lives to pay it off,” he said.
“Then perhaps they want to down size and release that home to other young couples who really need it and now the suggestion is that they would have to give a third of it back in tax to the department of finance.”
Deputy Healy-Rae added: "To even consider such a ridiculous mean and stupid suggestion would be outrageous. This kite won't fly as it is totally unacceptable to the majority of politicians and, most importantly of all, to the general public.|