The Government is at sixes and sevens on the issue of stamp duty and the problems faced by first-time buyers. There is scope for a great deal of imaginative tax reform in this area, but the Government seems unwilling or unable to act on the issue, I told the Seanad this week.
To be fair to the Government, this is a massively complicated issue. The abolition of or reduction in stamp duty is not a simple issue. It is not easy to work out what would happen in certain circumstances. In fact, nobody knows the answer to that question.