Denis Naughten (Longford-Roscommon, Fine Gael)
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Question 127: To ask the Minister for Finance if his attention has been drawn to plans by the Revenue Commissioners to apply VAT on the transfer of single farm payment entitlements by gift; his views on whether this contradicts Government policy on early transfer of agricultural property to young trained farmers; if he will ensure that this charge is removed; and if he will make a statement on the matter. [18901/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
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The Single Farm Payment (SFP) was introduced in April 2005. The VAT treatment of the Single Farm Payment (SFP) scheme is subject to EU VAT law with which Irish VAT law must comply. I am, however, informed by the Revenue Commissioners that the transfer of SFP entitlement, by way of a gift for no consideration, is not subject to VAT.