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

I welcome the change from the budget day announcement with the publication of the Finance Bill. There are farmers who had not transferred farms to the younger generation prior to age 67 and so had failed to avail of the consanguinity relief. They have now been provided with the opportunity to have the transfer go through at the 1% rate, which will hopefully happen. A related point is that there is a CGT exemption for the sale of certain farmland where the proceeds are used to acquire other farmland for the purposes of consolidating the overall farm land holding. In those limited circumstances where the CGT exemption applies, will the Minister consider applying an exemption to the stamp duty increase also?

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