Jackie Cahill (Tipperary, Fianna Fail)
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155. To ask the Minister for Finance if the direct relationship attracts stamp duty at a lower percentage than if the land was being transferred to a stranger in circumstances in which a father is transferring land to his son; and if he will make a statement on the matter. [6404/19]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that a reduced rate of stamp duty applies to transfers of farmland between a father and son (and certain other blood relatives) subject to certain conditions. A rate of 1% applies instead of the standard 6% rate. This reduced rate is referred to as consanguinity relief.

To be eligible for the relief, the person to whom the land is transferred must either farm the land or lease it to someone who farms the land for a period of at least 6 years. The person farming the land must do so on a commercial basis and with a view to the realisation of profits. The person farming the land must also spend at least 50% of his or her normal working time farming or be the holder of one of the agricultural qualifications set out in Schedule 2, 2A or 2B to the Stamp Duties Consolidation Act 1999.