Oireachtas Joint and Select Committees
Wednesday, 30 September 2015
Joint Oireachtas Committee on Agriculture, Food and the Marine
Estimates for Public Services 2015: Vote 30 - Department of Agriculture, Food and the Marine
11:00 am
Éamon Ó Cuív (Galway West, Fianna Fail)
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What the Minister could do is say the tax relief is only on X amount per hectare. A person can pay what he or she wants; it does not control the market. Say, for example, the person letting the land could only claim a tax relief. If one buys private health insurance, which takes pressure off the public system, one can only get X amount of tax relief. After that, if one wants to increase one's policy, one is on one's own. There is nothing to say that somebody cannot pay €400 per hectare with the tax relief incentive on the first €200, and one is on one's own after that. Otherwise, it is a major incentive and a bonus to the person who is getting big money per hectare. It encourages inflation in the market. It is worth looking at. The Chairman has raised a valid issue.