Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

73. To ask the Minister for Finance the cost of making the 100% young trained farmers’ stock relief available to all farmers, for a period of four years up to 2020; and if he will make a statement on the matter. [36388/14]

Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

74. To ask the Minister for Finance the cost of allowing capital allowances of up to 50% over the first two years,for the development of the agriculture industry; and if he will make a statement on the matter. [36389/14]

Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

75. To ask the Minister for Finance the cost of extending the land leasing tax exemption scheme to include a company that is operating for the purpose of farming as a qualifying lessee; the cost of removing the 40 year age limit for qualifying lessors; and if he will make a statement on the matter. [36390/14]

Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

77. To ask the Minister for Finance the cost of extending the capital gains tax relief for farm restructuring to include as qualifying transactions; farmland that is sold under CPO and subsequently replaced; the sale of an existing farm and replacement with a more viable consolidated holding; the sale of a land parcel and reinvestment of the sale proceeds into farm capital infrastructure; and if he will make a statement on the matter. [36392/14]

Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

78. To ask the Minister for Finance the cost of treating compulsory purchase of co-operative shares or other forms of compulsory financial contribution fulfilling the same role as a qualifying capital expenditure; and if he will make a statement on the matter. [36393/14]

Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

79. To ask the Minister for Finance the cost of allowing forestry income to be declared over a number of taxable years, similar to the averaging of sugar beet restructuring payments over a six-year period; and if he will make a statement on the matter. [36394/14]

Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

84. To ask the Minister for Finance the cost of allowing farmers the choice to write-off capital expenditure on plant and machinery and farm buildings over a period of three to eight years; and if he will make a statement on the matter. [36399/14]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 73 to 75, inclusive, 77 to 79, inclusive, and 84 together.

In October 2013, I announced the setting up of a review of the various agritaxation measures. A public consultation process was undertaken and a number of stakeholder meetings were held. The review is on-going and it is hoped that a report will be made available in mid October.

In relation to question number 36388/14, based on data from tax returns for tax year 2012 it is tentatively estimated that the cost of the proposal could be in the region of €15 million for each year of the accelerated relief.

Regarding Questions 36389/14 and 36399/14, the cash flow loss associated with the proposals will depend on the amount of expenditure over the years in question and the extent to which the claimants are able to use the additional relief in each year. However, on the basis of certain assumptions regarding potential expenditure, the notional cash flow loss associated with a two year capital allowance regime for claims for plant and machinery and buildings by farmers could be up to €60 million for the first year of claim, rising to €120 million in the second year, before the cost starts reducing.

On the same basis the loss associated with a three year write off period could be €30 million in the first year of claim, rising to €60 million in the second year and then €90 million in the third year, before the cost starts to reduce.

I am informed by the Revenue Commissioners that sufficient data are not readily available on which to base a reliable estimate of the cost to the Exchequer from the proposals outlined in Questions 36390/14, 36392/14, 36393/14 and 36394/14. Accordingly, it is not possible to provide the specific information requested by the Deputy at this time.

There are a number of reliefs where detailed information is not required to be returned to Revenue and therefore no costing is readily available without a detailed review of case records by the Commissioners. I am informed that the agritaxation review referred to above uses information from a variety of sources to estimate costs for a wider selection of farmer tax reliefs.