Written answers

Tuesday, 24 October 2017

Department of Agriculture, Food and the Marine

Stamp Duty

Photo of Niamh SmythNiamh Smyth (Cavan-Monaghan, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

287. To ask the Minister for Agriculture, Food and the Marine if he will address a matter (details supplied) regarding stamp duty on farmland; and if he will make a statement on the matter. [44623/17]

Photo of Michael CreedMichael Creed (Cork North West, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Following detailed engagement between our two Departments, I was pleased that Minister Donohoe announced key measures in the Finance Bill in relation to stamp duty on agricultural land transactions: the extension for three years of “Consanguinity Relief” for inter-family farm transactions, the retention of the 1% rate and the removal of the upper age limit of 67 for the transferor. Coupled with the existing “Stamp Duty Relief for Young Trained Farmers”, which is a complete relief from stamp duty, it means that lifetime transfers of land within families, whether by gift or sale, are strongly protected.

Comments

No comments

Log in or join to post a public comment.