Seán Sherlock (Cork East, Labour)
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341. To ask the Minister for Finance the potential cost of extending the capital gains tax restructuring relief beyond 31 December. [26237/16]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by Revenue that information is not available on tax returns to facilitate the costing of the extension of the Capital Gains Tax Relief for Farm Restructuring. The Deputy may be interested to note, however, that it was estimated at the time of Budget 2015 that the extension of the relief for a further year would cost approximately €2.5 million.

Seán Sherlock (Cork East, Labour)
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342. To ask the Minister for Finance the potential cost to the Exchequer on extending income tax relief on land leases to family members in budget 2017 subject to strict criteria regarding farm transfer. [26238/16]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by Revenue that it is not possible to provide an estimated cost to the Exchequer of extending Income Tax Relief on land leases to family members. Information on Income Tax returns are not furnished in a manner which would enable the identification of taxpayers who would qualify under such a scheme or the amount of rental income to which relief would be applicable.

Seán Sherlock (Cork East, Labour)
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343. To ask the Minister for Finance the potential cost of allowing farmers to write off capital expenditure on farm buildings and plant and machinery over a period of three and eight years with a floating allowance of up to 50% allowable in any one year in order to facilitate maximum utilisation. [26240/16]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by Revenue that the cost to the Exchequer associated with the measure suggested would 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.

On the basis of certain assumptions regarding potential expenditure, the cost to the Exchequer associated with an eight year capital allowance regime, with up to 50 per cent allowable in a year, for claims for plant and machinery and buildings by farmers, could be up to €40 million for the first year of claim, rising to €66 million in the second and third years, before the cost starts reducing.

On the same basis the cost to the Exchequer associated with a three year write off period, with up to 50 per cent allowable in a year, could be €40 million in the first year of claim, rising to €83 million in the second year, €118 million in the third year and fourth years, before the cost starts to reduce.