Éamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source

Would it be possible to get details from the Department of Finance on the take up of the various tax breaks that were introduced, which are welcome. I would not always praise the Irish Farmers' Association but its submission on this issue is comprehensive and reasonable. Of all the tax changes that are impacting on ordinary throughout the country, the reduction in the thresholds applying to inheritance tax, transfer tax and capital gains tax and so on is acting as a break on the transfer of land from older farmers to young farmers. Everything positive that was done in that direction is put at nought because people are going to face huge tax bills because the thresholds have been reduced and they are putting off land transfers. Many of the smaller targeted schemes have been put at nought by the changing of the thresholds for transfer taxes.