Written answers

Wednesday, 8 October 2008

9:00 pm

Photo of Paul Connaughton  SnrPaul Connaughton Snr (Galway East, Fine Gael)
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Question 209: To ask the Minister for Finance the number of transactions completed under the farm consolidation stamp duty relief scheme announced in budget 2007; and if he will make a statement on the matter. [34052/08]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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In 2005 my predecessor introduced a special stamp duty relief relating to an exchange of farm land between two farmers for the purposes of consolidating each farmer's holding. The relief was extended in 2007 to qualifying exchanges of land where only one farmer is consolidating his/her holding.

I am informed by the Revenue Commissioners that from 1 July 2005 to 30 September 2008 there have been 57 cases where farm consolidation relief was allowed. The numbers of such transactions in 2007 and to 30 September 2008 alone were 37.

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