Joan Burton (Dublin West, Labour)
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Question 151: To ask the Tánaiste and Minister for Finance the number of returns received in respect of persons operating stud farms and availing of tax reliefs in respect of stallions; the number of returns in respect of individuals, partnership, companies and other entities; the returns in relation to same; the taxable income and tax payable that has been declared in respect of such operations; and the average and the highest of same. [35953/07]

Brian Cowen (Laois-Offaly, Fianna Fail)
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The latest relevant information available is based on tax returns by individuals and companies of tax exempt income arising from stallion stud fees for the tax year 2005.

I am advised by the Revenue Commissioners that the total number of such returns was 185 with the total exempt income reported at €51.8 million, an average of €280,000.

There are 13 returns of stallion stud fees in excess of €1 million. Because of the Revenue Commissioners' obligation to observe confidentiality in relation to the taxation affairs of individual taxpayers, a figure for the highest amount of exempt income returned is not provided in relation to individual amounts exceeding €1 million. This is due to the small numbers of returns with amounts exceeding that level. Data is available only on gross, not net, income in the returns. Such income will now be subject to tax from 31 July 2008.