Dáil debates

Thursday, 23 November 2017

Finance Bill 2017: Report Stage (Resumed)

 

5:35 pm

Photo of Aindrias MoynihanAindrias Moynihan (Cork North West, Fianna Fail) | Oireachtas source

I welcome the proposal on the stamp duty consolidation relief for farmers because if a farm is scattered over a wide area it is much more difficult to operate the enterprise. Only once in a lifetime will the neighbouring farm come up for sale and give the farmer the opportunity to consolidate the holding and pull it together. The capital gains tax relief exists for someone selling the outside farm to buy the nearby land. It makes sense to have something similar for stamp duty. It is even more important with the proposed increase in stamp duty. Great credit is due to the phenomenal work that Deputies McGrath, McConalogue and Cahill have been doing to push this forward. We definitely need to see it progress.

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