Éamon Ó Cuív (Galway West, Fianna Fail)
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To ask the Minister for Finance the number of persons who have availed of the restructuring of the retirement relief on capital gains, introduced in Budget 2012; the number of these that were farmers; and if he will make a statement on the matter. [44678/12]

Éamon Ó Cuív (Galway West, Fianna Fail)
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To ask the Minister for Finance the number of persons who have availed of the capital gains tax incentive for property purchased before the end of 2013 and introduced in Budget 2012; the number of these that were farmers; and if he will make a statement on the matter. [44679/12]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 216 and 217 together.

These questions relate to two capital gains tax measures I introduced in the 2012 Budget. One is a provision for a retirement relief to incentivise timely business and farming asset transfers and the other is a relief from capital gains tax on the disposal of certain property, where that property is bought during the "incentive period" from 7 December 2011 to 31 December 2013 and is held for seven years. As yet, no information is available on the number of people who have availed of retirement relief as restructured in the 2012 budget because they will be applied for via personal income tax returns for 2012 which will not be submitted until late in 2013. It is not anticipated that these returns will include a provision for the separate capture of specific information in relation to these incentives. The claims in question are expected to be merged and allowed with other allowable claims to the extent that they are unlikely to be separately identifiable. As regards the number of people who have availed of the capital gains tax incentive for property purchased before the end of 2013 and introduced in Budget 2012, the relief cannot be claimed until a property bought in the incentive period is owned for at least seven years. This means the earliest full tax year that this relief can be claimed is 2019 and these returns are not due to be filed until late 2020.