Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

I understand the Deputy's point. His concern relates to where someone obtains this relief; he or she farms or leases the farm to another farmer and at the end of ten years sells a whack of land for a whole pile of money for it. The Deputy's concern is whether this is a good use of a taxation scheme. A limit of €750,000 applies where such disposals are made when the disposer is aged between 55 and 65 years. A limit of €500,000 applies from 1 January when the disposer is aged 66 years or over. Even if one was to sell a whack of land for €10 million, the limitation is only €750,000 of the €10 million.