Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

This proposal is one that the Commission on Taxation and Welfare recommended as regards limits on tax reliefs. The commission argued that it had to be set at a high level so that we would not have family farm break-ups and so on. Have any data been collected on how many farms could be impacted by this limit? Obviously, a farm with a value of more than €10 million is a large holding, so I am not opposed to that, but are there data on how many farm transfers in years gone by would have been captured by this limit? Prior to now, there was no upper threshold; it was unlimited.