State urged to introduce zero rate capital gains tax for investments

THE Government should create a bad bank for property loans and introduce a zero capital gains tax rate for business investments.

These are some of the proposals from one of the country’s leading analysts, who was speaking at the New Ideals for a New Future conference in Cork yesterday.

Chief executive of Merrion Stockbrokers, John Conroy, said the idea of creating a “bad bank” for property loans appears to be under active consideration by the Government.