Oireachtas Joint and Select Committees
Wednesday, 4 May 2022
Joint Oireachtas Committee on Agriculture, Food and the Marine
Solar Energy and the Agricultural Industry: Discussion
Matt Carthy (Cavan-Monaghan, Sinn Fein) | Oireachtas source
I have a follow-up question and another point I want to make but I agree on this issue. If the Department of Finance goes back to the logic for the capital gains tax provision in the first place, which was to recognise the unique nature of family farms and that, in many instances, it is not like passing on another type of company where there may be assets. In many cases, if tax was applied the so-called beneficiaries would probably have to sell the asset in order to get the benefit of it because it would not have that type of capital in reserve. The provision was also in recognition of the public good that comes from a family farm. If a farm is producing energy, especially renewable energy, a public good is being derived from it in the same way.
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