Seán Canney (Galway East, Independent) | Oireachtas source

I thank Ms Perret very much for that response. One other aspect I want to add relates to the transfer of family farms or of small businesses. These are valued, etc., and capital gains tax is levied on the recipient. There is reduced tax in this regard. Where a farm and the stock relating to it are being handed down from one person to another and where everything has been valued, there is not a great amount of gain to be made by the recipient because they still have to make a living from it. It is as if there is a penalty attached to the fact that they are taking over a family business. Is that something Ms Perret comes across where the tax is penal, especially for a smaller family farm or business? Is too much of a burden being imposed when these assets are being transferred from generation to generation?