Dara Calleary (Mayo, Fianna Fail)
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To ask the Minister for Agriculture, Food and the Marine the tax implications, if any that exist in circumstances (details supplied); and if he will make a statement on the matter. [55285/12]

Simon Coveney (Cork South Central, Fine Gael)
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The tax implications of the transaction depends on a number of factors. There may be several factors involved in individual cases and I would advise anybody in a similar situation to seek professional advice, including advice from the Revenue Commissioners and Teagasc.

Among the possibly relevant tax issues are: 100% Stamp duty relief on the 1% stamp duty that is normally payable; 90% agricultural relief in relation to Capital Acquisitions Tax; Capital Gains tax that may be applicable to the person making the transfer.