Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I am certainly satisfied that in the case of inheritances, we have provided for a carve-out. This is a change that has been sought by some of the farming organisations because there has been a practice of land being bought and leased out immediately, and of what is a very generous tax relief being availed of in that context. This amendment is warranted, given that it is an important tax expenditure that we are preserving. However, we want it to be used for the intended purpose.