Paul Kehoe (Wexford, Fine Gael)
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43. To ask the Minister for Finance if a farm transfer (details supplied) is subject to stamp duty; and if he will make a statement on the matter. [47605/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that stamp duty is chargeable on the transfer of a farm from a landowner to a company, whether or not the company is controlled by the landowner. The company acquiring the farm is treated as a separate legal entity to the individual. The amount chargeable to stamp duty is the market value of the assets being transferred. The rate of stamp duty applying to the transfer is 6% on transfers taking place after Budget Day, October 10 2017. There are no stamp duty reliefs available in relation to a transfer of a farm to a company.