Pat Carey (Dublin North West, Fianna Fail)

This section amends section 81 of the Stamp Duties Consolidation Act which exempts from stamp duty transfers of land to young trained farmers. The amendment gives effect to the budget announcement which extended the exemption for another four years until 31 December 2012. This is an important relief for the farming sector as it incentivises inter alia the early transfer of the farm to young farmers. The change applies to instruments executed on or after 1 January 2009.