Oireachtas Joint and Select Committees
Wednesday, 23 November 2022
Committee on Budgetary Oversight
Report of the Commission on Taxation and Welfare: Discussion (Resumed)
Mr. Tim Cullinan:
We have been working with the suite of taxation measures in place. I raised earlier the issue with the capital acquisitions tax. A rise in the threshold there would be very important. The site value tax is a huge worry for us. It is only now that many farmers in towns and villages up and down rural Ireland are becoming aware of the situation here. This is very worrying. It could lead to farmers having to sell farmland if they are going to be penalised with this tax. It is totally unsustainable for farmers. From that point of view, an exemption from this site value tax would be very beneficial to our sector.
No comments