Brendan Griffin (Kerry South, Fine Gael)
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239. To ask the Minister for Finance the changes there are to stamp duty in budget 2015 in relation to the transfer of either property or land here; and if he will make a statement on the matter. [40287/14]

Michael Noonan (Limerick City, Fine Gael)
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On Budget Day I published  the report of the Agri-Taxation Review, which I announced in last year's Budget. Arising from the recommendations in the Review, I am introducing a number of tax measures to support farming.

The following Stamp Duty measures announced on Budget Day relate to the transfer of either property or land:

Consanguinity Relief

Consanguinity relief, which applies to transfers of non-residential property to certain relatives, is due to expire on 31 December 2014.

This relief, which halves the applicable rate of Stamp Duty, will be available in a restricted form for a further period of three years in certain circumstances where the transferor is 65 years or under and the transferee is an active farmer.

Agricultural Leases

Agricultural leases between 5 and 35 years in duration to active farmers will be exempt from Stamp Duty.

Further details on these measures will be available in the Finance Bill which is due for publication on 23 October 2014.