Jimmy Deenihan
Question:27 Mr. Deenihan asked the Minister for Finance if his attention has been drawn to the anxiety among the farming community regarding the level of inheritance tax.
Written Answers. - Inheritance Tax.
Farming is already favourably treated for capital acquisitions tax purposes as a result of the special relief on agricultural land. The farming sector will, in common with other sectors, benefit from the annual adjustment of thresholds, in line with inflation, that I announced in this year's budget. I am also introducing a measure to facilitate the transfer of property owned by one spouse into the joint ownership of both spouses.