Mr. Niall Cody:

There are significant inheritance reliefs where a farm or a business is passed on intergenerationally. There are rules that limit the capital acquisitions tax in some cases to 10% of the value. If there is a liability left, there is provision to pay it over a period of time. There are also various insurance policies that people can take out to ensure the liability is covered. There are all sorts of arrangement. We talked about the increase in debt in using instalment arrangements. In any case where there is a difficulty we engage. Generally, the reliefs on inheritance of a farm from father to son or daughter are quite generous.