Written answers
Tuesday, 15 December 2015
Department of Finance
Tax Reliefs Application
Jim Daly (Cork South West, Fine Gael)
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159. To ask the Minister for Finance his plans to increase the stamp duty on farm transfers from 1% to 2% from January 2016; and if he will make a statement on the matter. [45231/15]
Michael Noonan (Limerick City, Fine Gael)
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I announced in my last Budget speech that I was extending the relief from stamp duty on transfers of agricultural land (including farm houses and buildings) to those farmers who meet certain criteria in relation to age and educational qualifications, known as 'young trained farmers'. The relief was due to finish on 31 December 2015 but the current Finance Bill provides for an extension for a further three years until 31 December 2018.
I have no plans at this time in relation to rates of Stamp Duty.
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