Tax Code
Dail Éireann — 2026-05-06
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Eamon Scanlon (FF), Sligo-Leitrim

I thank the Minister of State for her response. I am pointing out that where there is a gain somebody is definitely entitled to pay capital gains tax but, unfortunately, the parent who hands over that property has no gain, gets no money and has to pay out maybe €70,000 or €75,000. In this particular case I raised, they may have to pay out €70,000 or €75,000 in capital gains tax, despite the fact they do not get any funds whatsoever. They are gifting the house to one of their family members. In these times with such pressure on young people and young families to try to get a home for themselves, it is something that should be looked at in the coming budget.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-05-06/debate/main
Retrieved: 2026-08-14T04:54:54+00:00
Sitting date: 2026-05-06