Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

The Deputy's question referenced a review. The UK does not currently offer a capital allowance measure targeted at the agricultural sector. However, farmers can qualify for the annual investment allowance, which permits 100% first-year allowances on certain business, plant and machinery expenditure which would apply to general businesses. Interestingly, the IFA and the Department of Agriculture, Food and the Marine, when a full review of all of the agri-sector tax reliefs was done, did not recommend anything along these lines. I will refer the Deputy's question to the tax section of my Department and get a view from it in advance of the next finance Bill.

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