Michael Noonan (Limerick East, Fine Gael)

This area of taxation is complex. I understand the Minister of State to mean that, up to now, a farmer who sold his farm to the NRA, for example, and used all the proceeds to buy more agricultural land was exempt from capital acquisitions tax. Will the Minister of State outline the implications for a farmer who gives a site to a son or daughter? What is the position if a farmer's daughter has planning permission for a site, thus making it development land, but disposes of the site without building thereon because she is nursing, then marries a man from Dundalk and moves on? If one has built on a site, is its value taken into account if it is disposed of within the six-year period? Is that governed by different sections of the Act?

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