Written answers

Tuesday, 3 November 2009

8:00 pm

Photo of Frank FeighanFrank Feighan (Roscommon-South Leitrim, Fine Gael)
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Question 255: To ask the Minister for Finance the way the proposed 80% windfall tax will operate with farmers and any sale of part of their farms for whatever purpose including compulsory purchase order in an effort to fund their farm enterprise; and if such moneys, if reinvested in their farms or used for clearance of farming debts, will attract this tax. [37927/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The proposed 80% windfall capital gains tax to which the Deputy refers is being considered as part of the NAMA legislation and it will be discussed at Report Stage of the Bill.

It is not customary for the Minister of Finance to comment on the specific details of tax changes prior to publication of the legislation.

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