Tax Reliefs

Dáil Éireann Debate, Wednesday - 22 February 2012

Wednesday, 22 February 2012

Questions (68)

Frank Feighan

Question:

68 Deputy Frank Feighan asked the Minister for Finance if he will confirm the one year certificate in agriculture FETAC certificate in agriculture (Teagasc) is adequate requirement for relief from stamp duty under the provision for young trained farmers relief of the Stamp Duty Consolidation Act 1999 in respect of deed of transfer of lands from father to son, in view of the fact this was an acceptable document for relief on deed transfer in January 2005 in respect of same family. [10337/12]

Written answers

Minister for Finance (Deputy Michael Noonan)

I am informed by the Revenue Commissioners that qualification for the Young Trained Farmers Relief from Stamp Duty (Section 81/Section 81A and currently Section 81AA Stamp Duties Consolidation Act 1999) is dependent upon satisfaction of several conditions. Holding a One Year Certificate in Agriculture forms only one part of the qualifying conditions and possession of this qualification alone does not or did not meet the statutory requirements for entitlement to the relief as set out in the Sections above. The full requirements are set out in Revenue booklets SD2, SD2A and SD2B. For further clarification the customer may contact Revenue Stamping District, Dublin Castle or telephone [phone].