Government has no plans to tackle property speculators

THE Government has no plans to crack down on property speculators, despite suggestions by Housing Minister Noel Ahern that they should be “taxed out of existence”.

Tánaiste Michael McDowell told the Dáil yesterday that the Government had no such plans .

But he suggested Labour leader Pat Rabbitte, who had raised the issue, could propose increases to capital gains tax if he wished.